Guidewire Slides Despite Better-Than-Expected 1Q

Dow Jones12-07

By Sarina Isaacs

Guidewire was losing ground Friday despite higher-than-expected 1Q results.

The stock was down 14.5% at $176.60, although shares were still up around 80% for the past year.

The San Mateo, Calif., insurance-platform operator said Friday that it has earned $9.1 million in the fiscal first quarter, or 11 cents per share, swinging from a loss of $27.1 million, or 33 cents per share, in the same quarter a year earlier. Revenue was $262.9 million, up 27% from last year's $207.4 million and edging past the average analyst target of $261.5 million, according to FactSet.

Adjusted earnings came to 43 cents per share, a penny more than Wall Street's estimate for 42 cents per share.

For the current quarter, Guidewire guided for revenue of between $282 million and $288 million, better than the $279.4 million analyst estimate. Annual recurring revenue was pegged at $909 million to $914 million, also surpassing expectations for $906.8 million.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

December 06, 2024 12:09 ET (17:09 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489499255?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-07 01:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489499255","market":"nz","top_or_hot":-1,"title":"Guidewire Slides Despite Better-Than-Expected 1Q","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sarina Isaacs \n</p>\n<pre>\n \n</pre>\n<p>\n  Guidewire was losing ground Friday despite higher-than-expected 1Q results. \n</p>\n<p>\n  The stock was down 14.5% at $176.60, although shares were still up around 80% for the past year. \n</p>\n<p>\n  The San Mateo, Calif., insurance-platform operator said Friday that it has earned $9.1 million in the fiscal first quarter, or 11 cents per share, swinging from a loss of $27.1 million, or 33 cents per share, in the same quarter a year earlier. Revenue was $262.9 million, up 27% from last year's $207.4 million and edging past the average analyst target of $261.5 million, according to FactSet. \n</p>\n<p>\n  Adjusted earnings came to 43 cents per share, a penny more than Wall Street's estimate for 42 cents per share. \n</p>\n<p>\n  For the current quarter, Guidewire guided for revenue of between $282 million and $288 million, better than the $279.4 million analyst estimate. Annual recurring revenue was pegged at $909 million to $914 million, also surpassing expectations for $906.8 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sarina Isaacs at sarina.isaacs@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 12:09 ET (17:09 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Guidewire Slides Despite Better-Than-Expected 1Q</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuidewire Slides Despite Better-Than-Expected 1Q\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-07 01:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Sarina Isaacs \n\n\n \n\n\n  Guidewire was losing ground Friday despite higher-than-expected 1Q results. \n\n\n  The stock was down 14.5% at $176.60, although shares were still up around 80% for the past ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GWRE","symbol_name":"Guidewire Software","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489499255","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489499255","pubTimestamp":1733504940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Guidewire was losing ground Friday despite higher-than-expected 1Q results.The stock was down 14.5% at $176.60, although shares were still up around 80% for the past year.The San Mateo, Calif., insurance-platform operator said Friday that it has earned $9.1 million in the fiscal first quarter, or 11 cents per share, swinging from a loss of $27.1 million, or 33 cents per share, in the same quarter a year earlier. Revenue was $262.9 million, up 27% from last year's $207.4 million and edging past the average analyst target of $261.5 million, according to FactSet.Adjusted earnings came to 43 cents per share, a penny more than Wall Street's estimate for 42 cents per share.For the current quarter, Guidewire guided for revenue of between $282 million and $288 million, better than the $279.4 million analyst estimate. Annual recurring revenue was pegged at $909 million to $914 million, also surpassing expectations for $906.8 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GWRE":"Guidewire Software","BK4023":"应用软件"},"translate_title":"尽管第一季度好于预期，但导丝仍下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GWRE":1},"content_text":"By Sarina Isaacs \n\n\n \n\n\n  Guidewire was losing ground Friday despite higher-than-expected 1Q results. \n\n\n  The stock was down 14.5% at $176.60, although shares were still up around 80% for the past year. \n\n\n  The San Mateo, Calif., insurance-platform operator said Friday that it has earned $9.1 million in the fiscal first quarter, or 11 cents per share, swinging from a loss of $27.1 million, or 33 cents per share, in the same quarter a year earlier. Revenue was $262.9 million, up 27% from last year's $207.4 million and edging past the average analyst target of $261.5 million, according to FactSet. \n\n\n  Adjusted earnings came to 43 cents per share, a penny more than Wall Street's estimate for 42 cents per share. \n\n\n  For the current quarter, Guidewire guided for revenue of between $282 million and $288 million, better than the $279.4 million analyst estimate. Annual recurring revenue was pegged at $909 million to $914 million, also surpassing expectations for $906.8 million. \n\n\n \n\n\n  Write to Sarina Isaacs at sarina.isaacs@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 06, 2024 12:09 ET (17:09 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489499255"}