SailPoint Parent, LP (SAIL) saw its shares plummet 8.14% in pre-market trading on Tuesday, despite reporting fiscal third-quarter 2026 revenue of $281.9 million, which surpassed the FactSet consensus estimate of $270.3 million.
The decline appears driven by investor disappointment with the company's fourth-quarter guidance. SailPoint expects Q4 adjusted EPS of $0.08-$0.09, in line with the $0.08 estimate, and revenue of $290M-$294M, slightly above the $290.7M consensus. The lack of a significant upside surprise in guidance likely triggered the sell-off as traders reassessed growth expectations.
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