Shares of nCino tumbled 14.6% in premarket trading Wednesday after the company forecast third-quarter revenue that missed Wall Street's estimates.

The cloud-based software provider expects 3Q total revenues of $136 million to $138 million, compared with the $138.7 million analysts polled by FactSet forecast. The company expects adjusted per-share earnings of 15 cents to 16 cents, the high end of which is in line with analysts' estimates.

For its full year the Wilmington, N.C. company backed its revenue view of $538.5 million to $544.5 million, and it raised its adjusted per-share outlook of 66 cents to 69 cents, from a prior outlook of 65 cents to 68 cents. Analysts surveyed by FactSet forecast revenue of $541.8 million and adjusted earnings of 67 cents per share.

In its second quarter ended July 31, nCino posted a net loss of $11 million, or 10 cents a share, compared with a loss of $15.9 million, or 14 cents a share, in last year's quarter.

Adjusted per-share earnings were 14 cents, beating the 13 cents analysts polled by FactSet expected.

Revenue rose 13% to $132.4 million, driven by a 14% increase in subscription revenue. Analysts polled by FactSet expected revenue of $131.1 million.