Shares of Asana are trading sharply lower in late trading Wednesday despite better-than-expected results for the company’s fourth-quarter. That earnings news was overshadowed by Asana’s plans to step up its rate of investment in the business, and its forecast for a higher-than-expected loss for fiscal 2023.
Shares of the company, which provides workplace management software, are down 18% in after-hours trading, to $40.10.
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