Guidewire Software Posts Better-Than-Expected Q3 Report, But Stock Drops

Guidewire Software reported Q3 earnings of $0.82 per share, beating analyst expectations of $0.74, with revenue of $372.54 million exceeding the $355.95 million estimate. Subscription and support revenue grew 35% year-over-year. Despite the strong results, the stock dropped 14.66% to $129 in after-hours trading.