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Guidewire Software Fiscal Q3 Swings to Profit; Revenue Rises; Q4 Outlook Issued -- Shares Rise After Hours
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Guidewire Software Fiscal Q3 Swings to Profit; Revenue Rises; Q4 Outlook Issued -- Shares Rise After Hours
Jun 4, 2024 2:12 PM

04:51 PM EDT, 06/04/2024 (MT Newswires) -- Guidewire Software ( GWRE ) reported fiscal Q3 non-GAAP earnings late Tuesday of $0.26 per diluted share, compared to a loss of $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended April 30 rose to $240.7 million from $207.5 million a year earlier.

Analysts surveyed by Capital IQ expected $231.4 million.

The company said it expects Q4 revenue between $279 million and $287 million.

Analysts polled by Capital IQ expect $285.6 million.

The company said it now expects fiscal 2024 revenue between $968 million and $976 million, compared with previous estimates of between $957 million and $967 million.

Analysts surveyed by Capital IQ expect $965.1 million.

The company's shares were rising past 8% in after-hours activity.

Price: 117.00, Change: +8.95, Percent Change: +8.28

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