What happened Shares of Appian (NASDAQ: APPN) popped today after the company beat Wall Street's estimates in the third quarter. Shares of the tech stock were up by as much as 19.5% this morning and had gained 18.3% as of 12:19 p.m. EST. So what Appian reported third-quarter revenue of $77.3 million, which was an increase of 17% from the year-ago quarter and beat analysts' consensus revenue estimate by 9%. Additionally, the company's adjusted break-even earnings per share beat Wall Street's consensus estimate of a loss of $0.17 per share. Image source: Getty Images. Appian's founder and CEO Matt Calkins highlighted a few of the company's third-quarter accomplishments in a press release, saying, "We exceeded our guidance, grew cloud subscription revenue by 40%, and reached an all-time high for gross profit margin this quarter." Appian's share price jump today adds to the company's gains this year, leaving Appian's stock up 134% year to date. Now what Management provided guidance for the fourth quarter, saying sales would be $73.5 million at the midpoint, which would be an increase of 7% year over year. Appian's adjusted net loss is forecast to be $0.17 per share at the midpoint, which would be a larger loss than the $0.10 loss per share in the fourth quarter of 2019. Additionally, Appian's management said full-year 2020 revenue will be $296.5 million at the midpoint of guidance, representing a year-over-year increase of 14%. 10 stocks we like better than AppianWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Appian wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Appian. The Motley Fool has a disclosure policy.Source