12:51 PM EST, 11/07/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph.)

Clearwater Analytics Holdings ( CWAN ) shares were up over 21% in recent trading on Thursday, a day after it reported Q3 results that improved year-over-year and raised its full-year revenue guidance.

The company reported Q3 non-GAAP earnings Wednesday of $0.12 per diluted share, up from $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended Sept. 30 was $115.8 million, compared with $94.7 million a year earlier.

Analysts polled by Capital IQ expected $113.4 million.

The company said it expects Q4 revenue of $120.2 million. Analysts polled by Capital IQ expect $120.4 million.

For the full year, Clearwater Analytics ( CWAN ) said it now expects $445.5 million in revenue, compared with its previous estimate of $442 million to $444 million. Analysts polled by Capital IQ expect $445.9 million.

Price: 34.60, Change: +6.02, Percent Change: +21.06