DigitalOcean (NYSE:DOCN) saw its shares slide over 10% intra-day today after issuing fourth-quarter guidance that missed analyst expectations, even as third-quarter results outperformed.

For the third quarter of fiscal 2024, the cloud service provider reported earnings per share (EPS) of $0.52, well above the anticipated $0.40. Revenue totaled $198 million, also surpassing Wall Street estimates of $196.68 million. Adjusted EBITDA reached $86.7 million, a 14% year-over-year increase and ahead of the projected $74.2 million, with an adjusted EBITDA margin of 44%.

For Q4, however, DigitalOcean’s EPS guidance of $0.27 to $0.32 fell short of the $0.38 consensus, while revenue guidance of $199 million to $201 million was close to expectations of $200.1 million. The company projected an adjusted EBITDA margin of 34% to 38% for the quarter.

For the full fiscal year 2024, DigitalOcean raised its EPS forecast to between $1.70 and $1.75, exceeding the Street consensus of $1.67, and projected revenue in the range of $775 million to $777 million, above the expected $773.9 million.