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Guidewire Software Inc. (GWRE) Is Pulling Back On Q2 Forecast

Guidewire Software Inc. (GWRE) reported first quarter non-GAAP EPS of $0.36 after the bell Tuesday, compared to the loss of $0.06 last year. Analysts expected EPS of $0.20. The company expects to report second quarter non-GAAP EPS of $0.17 to $0.21 and full year non-GAAP EPS of $1.24 to $1.34. Street expectations are for EPS of $0.25 and $1.22. The stock is now down 3.22 on 44K shares.

Guidewire Software dropped around midday Tuesday and finished with a loss of 2.98 at $89.72.

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