Docusign (NASDAQ: DOCU) saw its stock plummet 5.16% in post-market trading on Thursday, despite reporting better-than-expected third-quarter earnings and revenue. The intelligent agreement management company reported adjusted earnings of $1.01 per share, beating estimates of $0.91, and revenue of $818.4 million, surpassing expectations of $807.1 million.

Investors appeared unimpressed with the results, as the stock declined sharply after the earnings release. The negative reaction suggests concerns about future growth or profitability, even as the company raised its full-year revenue guidance to a range of $3.208 billion to $3.212 billion.

Docusign's CEO highlighted strong execution and improved efficiency, but the market's reaction indicates lingering doubts about the company's ability to sustain its growth momentum. The post-market plunge reflects a disconnect between the earnings beat and investor sentiment.