SAN MATEO, Calif. (AP) _ Guidewire Software Inc. (GWRE) on Wednesday reported a loss of $31 million in its fiscal third quarter.
The San Mateo, California-based company said it had a loss of 37 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The provider of software to the insurance industry posted revenue of $168.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $152.5 million.
For the current quarter ending in July, Guidewire Software expects its per-share earnings to range from 41 cents to 49 cents.
The company said it expects revenue in the range of $204.9 million to $212.9 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $213.6 million.
Guidewire Software expects full-year earnings in the range of 84 cents to 92 cents per share, with revenue ranging from $703.5 million to $711.5 million.
Guidewire Software shares have increased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $110.17, a rise of 14% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWRE at https://www.zacks.com/ap/GWRE
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