Intapp, Inc. (INTA) shares plummeted 5.21% in after-hours trading on Tuesday, despite reporting better-than-expected third-quarter earnings. The software company's stock decline comes as a surprise, given its strong financial performance for the quarter ended March 31.

Intapp reported adjusted earnings per share of $0.26, surpassing the analysts' estimate of $0.22. The company's adjusted net income reached $21.7 million, significantly higher than the expected $18.6 million. Revenue also showed robust growth, increasing by 16.7% to $129.07 million, slightly above the consensus forecast of $128.79 million.

However, investors seem to be focusing on Intapp's full-year outlook, which may have fallen short of expectations. The company projects full-year adjusted earnings per share between $0.88 and $0.90, with adjusted operating profit expected to range from $74.3 million to $75.3 million. This guidance, while positive, might not have been as strong as some investors had hoped, potentially explaining the after-hours sell-off. Additionally, the stock's year-to-date decline of 10% prior to this earnings release suggests ongoing investor concerns about the company's growth trajectory in a challenging macroeconomic environment.