Atlassian Corp. (TEAM, +3.38%) shares fell during the extended session on Thursday as the company’s disappointing revenue forecast overshadowed the earnings surprise. Atlassian shares fell as much as 16 percent after hours following a 3.4% increase in the regular session, closing at $150.05. Atlassian’s letter to shareholders stated that the company forecasted revenue between $900 and $920 million in their fiscal fourth-quarter, while analysts estimated an average of $919.4 millions. The cloud revenue is facing “increasing impacts from macroeconomics on paid seat growth by existing customers, new customer conversions as well as headwinds we have not yet seen significant impact on,” according to the company. New York-based Atlassian reported a loss of $209m, or 81c per share, for its fiscal third quarter, compared to a net income of $4.7m, or 2c per share, during the same period last year. The adjusted earnings, which excludes stock-based compensation costs and other items, was 54 cents per share, compared to 43 cents in the previous period. The revenue increased to $915,5 million from $740,5 million in the previous quarter. FactSet surveyed analysts who had predicted adjusted earnings of 35c per share on revenue between $890 and $910 million. This was based on Atlassian’s forecast. However, the current decline in Atlassian stock is not close to the stocks’ worst day ever. Atlassian’s stock dropped as much as 33 percent in November after disappointing earnings and outlook.