: Guidewire Software stock falls on full-year forecast


Shares of Guidewire Software Inc. GWRE fell after hours on Thursday after the company, a cloud-software provider for the insurance industry, forecast full-year sales that were below Wall Street’s expectations. Guidewire said it expected fiscal year 2024 revenue of between $976 million and $986 million, compared with FactSet forecasts for $989.2 million. Shares fell 5.1% after hours. The company reported fiscal fourth-quarter net income of $12.2 million, or 15 cents a share, contrasting with a loss of $31 million, or 37 cents a share, in the same quarter last year. Revenue rose to $269.9 million from $244.6 million in…

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: What pause? Student-loan payments are already pouring in before October start — here’s the catch
Next articleWhy crude-oil rally can’t be ignored by investors — or the Fed


Please enter your comment!
Please enter your name here