By Rob Curran
Intapp shares fell after the maker of an artificial-intelligence platform for dealmakers forecast adjusted profit and sales growth for the fiscal year more or less in line with analysts' expectations.
Shares of Intapp fell 20% to $23.40 premarket on Wednesday.
The Palo Alto, Calif., company on Tuesday posted a loss for the second quarter ended in December of $5.9 million, or 7 cents a share, narrowed from $10.2 million, or 13 cents a share, a year earlier.
Stripping out certain onetime items, Instapp posted adjusted earnings of 33 cents a share, topping the average analyst target of 26 cents a share, as per FactSet.
Sales rose to $140.2 million, surpassing the average Wall Street target of $138.2 million.
For the fiscal third quarter ending in March, Intapp targeted adjusted earnings of 27-to-29 cents a share on revenue between $143.8 million and $144.8 million, compared to the mean analyst estimates of 29 cents a share and $129.1 million, respectively. For the fiscal year ending in June, the company projected earnings of $1.20-to-$1.24 a share on revenue of $570.3 million to $574.3 million, compared to the mean analyst targets of $1.21 a share and $572.5 million, respectively.
Investor expectations were high after the company's DealCloud platform won industry awards. Analysts at brokerage Stifel cut their price targets on the company's shares after the report.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 04, 2026 09:17 ET (14:17 GMT)
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