Asana Inc (NYSE:ASAN) posted upbeat earnings for its third quarter, but issued soft guidance.

Asana’s quarterly revenue increased 41% year-over-year to $141.4 million. The number beat average analyst estimates of $139.37 billion. Asana reported a quarterly net loss of 26 cents per share, which beat estimates for a loss of 32 cents per share.

Asana said it sees fourth-quarter revenue to be between $144 million and $146 million versus average estimates of $151.06 million. The company anticipates a fourth-quarter net loss between 27 and 28 cents per share versus estimates for a loss of 29 cents per share.

Asana shares dropped 13.2% to $15.60 in pre-market trading.

These analysts made changes to their price targets on Asana after the company released quarterly results.