Smith & Wesson Surges, Guidewire Software Dips as Earnings Unfold
- September 08th, 2023
- 384 views
Smith & Wesson Brands, Inc. (Nasdaq: SWBI), a firearms manufacturer, posted first-quarter fiscal 2024 earnings of $0.13 per share, exceeding the consensus EPS estimate of $0.05. The company's quarterly sales reached $114.20 million, surpassing analysts' projected revenue of $100.93 million.
$SWBI was trading at $11.85 in after-hours, up $1.34 (+12.75%).
In other news, Guidewire Software, Inc. (NYSE: GWRE), a software provider for the insurance industry, reported fourth-quarter fiscal 2023 earnings of $0.74 per share, surpassing the consensus EPS estimate of $0.38. The company's quarterly revenues amounted to $270.00 million, beating analysts' expected revenue of $261.36 million.
However, Guidewire anticipates first-quarter fiscal 2024 revenue to be in the range of $197 million to $202 million, falling short of the consensus forecast of $212.51 million in revenue for the period.
In after-hours, $GWRE was trading at $83.65, down $1.19 (-1.40%).
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