Onestream, Inc. shares fall 10.94% intraday despite beating Q2 earnings and revenue expectations.

Onestream, Inc. dropped 10.94% intraday, despite reporting a loss of $18.4 million in its second quarter, which exceeded Wall Street expectations. The company posted revenue of $147.6 million, also beating Street forecasts. However, the stock's decline may be attributed to the company's guidance for the current quarter, with per-share earnings expected to range from 1 cent to 3 cents, which could be seen as conservative.