Guidewire Software Shares Jump After Earnings Beat

By Markets MarketWatch Pulse

Guidewire Software Inc. shares jumped in the extended session Tuesday after the insurance-industry software provider topped Wall Street estimates for the quarter. Guidewire shares rose 8% to $54.55 after hours. The company reported adjusted fiscal second-quarter earnings of 24 cents a share on revenue of $102.1 million. Analysts surveyed by FactSet had forecast earnings of 15 cents a share on revenue of $96.7 million. For the fiscal third quarter, Guidewire expects adjusted earnings of 4 cents to 8 cents a share on revenue of $90.3 million to $94.3 million. Analysts estimate 6 cents a share on revenue of $91.2 million.

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