Haitian International Holdings Ltd
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Based in China
Company profile

Haitian International Holdings Limited is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The Company operates its business in Mainland China, Hong Kong and overseas countries. The Company’s subsidiaries include Haitian Plastic Processing Machinery Guangzhou Co., Ltd., Haitian Plastic Machinery Group Limited and Mega Power Investment Development Limited. Through its subsidiaries, the Company is also engaged in logistic business.

Price
Delayed
$2.10
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0.00 (0.00%)
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Guidewire Software cuts annual guidance, stock plunges

4:43 pm ET March 4, 2020 (MarketWatch)
Print

Guidewire Software Inc. (GWRE) shares dropped 13% in after-hours trading Wednesday after the company slashed its annual guidance. As part of quarterly earnings, the software company said that it now expects full-year revenue of $702 million to $714 million, after previously stating a forecast of $759 million to $771 million, and blamed a faster-than-expected cloud transition. "the growing interest in cloud-based systems is dampening self-managed demand, impacting our full year outlook," Chief Executive Mike Rosenbaum said in Wednesday's announcement (http://ir.guidewire.com/news-releases/news-release-details/guidewire-software-announces-second-quarter-fiscal-year-2020). "Ultimately, this trend is a positive validation of our cloud strategy." Guidewire announced fiscal second-quarter earnings of $19.9 million, or 24 cents a share, on sales of $173.5 million, up from $168.5 million a year ago. After adjusting for stock-based compensation and other costs, the company reported earnings of 21 cents a share, down from 33 cents a share a year ago. Analysts on average expected adjusted earnings of 12 cents a share on sales of $163.8 million, according to FactSet. After closing with a 6.1% gain at $112.48, Guidewire shares declined to less than $98 in after-hours trading following the release of the results. Shares have gained 30.3% in the past year, as the S&P 500 index has increased 7.5%.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 04, 2020 16:43 ET (21:43 GMT)

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