Sun Hydraulics (NASDAQ:SNHY) Posts Q4 EPS Miss, EPS Guidance In Line; Guidewire Software (NYSE:GWRE) Tops Street

Technology Stocks News 8

Sun Hydraulics (NASDAQ:SNHY) reported mixed financial results for Q4 and issued guidance for Q1 earnings in line with and revenue below Street estimates. The designer and manufacturer of crew-in cartridge valves and manifolds used in hydraulic systems reported Q4 earnings of $0.32 per share, compared with the prior-year period’s $0.26 per share.

Revenue was $49.05 million, up 13.4% from $43.24 million in the same quarter last year. The average estimate from two analysts on Capital IQ was $0.33 EPS on revenue of $48.01 million. The company expects Q1 EPS of $0.41 – $0.43 on revenues of $55 million. The Street view is for $0.42 EPS on revenues of $59 million.

Guidewire Software (NYSE:GWRE) advanced in Monday’s after-hours after topping Q2 expectations. GWRE popped to an early after-hours high of 58 before quickly settling in an upside range of 54 to 56.21, levels where it stayed through the bulk of night trade.

A pre-market open may have legs in the 54.20 to 55.50 area. Buy momentum was consistent Monday night off the 54 mark up to 55, a potential near-term floor support longs may want to eye.

 

 

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