Samsara, Inc. (IOT) experienced a pre-market plunge of 8.47% on Friday, following the company's mixed fiscal third-quarter earnings report late Thursday.

For the third quarter, Samsara reported non-GAAP earnings per share of $0.07, up from $0.04 a year ago and beating analysts' estimates of $0.04. Revenue grew 36% year-over-year to $322 million, also exceeding Wall Street's expectations of $310.6 million.

However, the company's guidance for the fourth quarter fell short of analysts' projections. Samsara forecast revenue between $334 million and $336 million, slightly below the consensus estimate of $335.8 million. This weaker-than-expected revenue outlook for the current quarter raised concerns among investors, sparking a sell-off in the stock.