Asana Stock Falls After Q2 Results; Q3, FY Guidance Below Estimates

Asana, Inc. (NYSE:ASAN) reported its second-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report. 

The Details: Asana reported quarterly losses of five cents per share, which beat the analyst estimate of losses of eight cents per share. Quarterly revenue clocked in at $179.212 million, beating the $177.654 million consensus estimate.

Core customers, or customers spending $5,000 or more on an annualized basis, grew to 10% year-over-year.

Revenues from Core customers grew 11%year-over-year in the quarter.

The number of customers spending $100,000 or more on an annualized basis grew to 649, an increase of 17% year-over-year.

Overall dollar-based net retention rate was 98%.

Dollar-based net ...