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Guidewire Software Falls 10% Despite Q3 Earnings Beat and Maintained ARR Guidance
- Guidewire Software reported fiscal third-quarter results that topped estimates and maintained its full-year ARR guidance.
- Despite the positive report, shares plummeted 10.0% to close at $136.06 on heavy volume of 4.12 million shares.
- This divergence suggests that high investor expectations were already priced in, leading to a 'sell the news' reaction.
Supporting datasets
Supporting queries
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Conclusion
Guidewire's revenue rose 26.9% YoY to $372.54 million, and full-year ARR guidance was maintained at $1.229–$1.237 billion. On June 5, GWRE fell from $151.17 to $136.06 on volume of 4,124,500 shares.