Intapp, Inc. (INTA) stock plummeted 20.42% in after-hours trading on Tuesday, following the company's fiscal second-quarter earnings report.
The software developer reported better-than-expected earnings for the fiscal second quarter ended December 31. However, the company's guidance for the fiscal third quarter and full year fell short of analysts' expectations.
For the fiscal third quarter, Intapp expects revenue between $84 million and $85 million, lower than the consensus estimate of $88.7 million. The company also lowered its full-year revenue guidance to a range of $328.8 million to $332.8 million, down from its previous forecast of $335 million to $340 million.
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