Shares of Appian (NASDAQ: APPN), a cloud software focused on business process automation, were falling today, even as the company beat estimates in its second-quarter earnings report. It pulled forward guidance to reach break-even on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis.

Despite that, investors seemed underwhelmed by weaker-than-expected revenue guidance for the third quarter and full year.

As a result, the stock was down 11.7% as of 11:05 a.m. ET.

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Source Fool.com