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Guidewire Earnings Beat Estimates. Why the Stock Is Sinking.

Guidewire Earnings Beat Estimates. Why the Stock Is Sinking. · Barrons.com · Dreamstime
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Guidewire Software delivered a better-than-expected fiscal fourth quarter, but investors wanted a stronger growth outlook to justify the stock’s recent gains, rather than another quarter that simply beat expectations. For the quarter ended on July 31, Guidewire reported adjusted earnings of 99 cents a share, ahead of the 93 cents analysts had expected. Revenue rose 15% from a year earlier to $411.1 million, also topping the roughly $402.6 million Wall Street consensus, according to FactSet.

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