Guidewire Software Inc is trading at $130.00 (-14%) following its third-quarter earnings release and a broader pre-market decline in the technology sector.
- The company reported Q3 revenue of $372.5 million, up 27% year-over-year, beating EPS expectations and raising full-year guidance for revenue, operating income, and cash flow.
- Despite the strong financial report, the stock is being weighed down by a broader risk-off tone and weak sentiment across the tech industry.