Asana beat estimates in Q2, but guidance disappointed. The company lowered its full-year revenue forecast. The stock is down roughly 90% from its pandemic-era peak and shows no sign of a recovery.

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Asana announces a $150 million share repurchase program of its Class A common stock through June 30, 2025. Asana reaffirms its previously provided guidance for the second quarter and fiscal year 2025.