Guidewire Soars After Earnings
Shares of Guidewire (NYSE: GWRE) soared nearly 15% in after-hours trading Tuesday following the release of the company's second quarter earnings results. Guidewire is a provider of of software to the insurance industry.
Guidewire posted an earnings per share of $0.21 -- significantly greater than the $0.02 estimate. Revenue was also stronger than expected at $72.2 million; analysts had only been anticipating $64.26 million.
In the earnings press release, Guidewire's CFO said several customers made payments earlier than their third quarter due dates, which contributed to outperformance.
The company will host a conference call at 5pm to go over its results.
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