Shares of Guidewire Software Inc. (NYSE: GWRE), a developer of technology solutions for property and casualty and workers compensation insurers, saw a huge rally in trading on Wednesday after the company reported its second-quarter financial results.
For the quarter, Guidewire reported adjusted earnings of $0.21 per share, compared to $0.16 per share reported for the same period in the previous year. Analysts were expecting the company to report earnings of $0.02 per share for the quarter.
GWRE shares rose to a 52-week high of $38.43 on Wednesday before paring some of the gains to finish the day 16.56% higher at $36.75. Year-to-date, the stock has gained more than 23%.
Shares of First Solar Inc. (NASDAQ: FSLR), a manufacturer and seller of solar modules with an advanced thin-film semiconductor technology, plunged in trading on Wednesday after the company reported its fourth-quarter financial results.
For the quarter ended December 31, 2012, FSLR reported net sales of $1.1 billion, an increase of $415 million over the same period in the previous year. The company’s GAAP net income for the quarter was $1.74 per share, compared to $1 per share reported in the previous quarter, and a net loss of $4.78 per share reported for the same period in the previous year.
FSLR shares fell to an intra-day low of $25.50 on Wednesday before paring some of the losses to finish the day 13.78% lower at $27.04. The stock has fallen more than 20% in the last three trading sessions.
Shares of Dollar Tree Inc. (NASDAQ: DLTR), an operator of discount variety stores offering merchandise at the fixed price, soared in trading on Wednesday. The stock closed 10.49% higher at $45.39 after hitting an intra-day high of $46.71.
DLTR shares surged on Wednesday after the retailer reported fourth-quarter financial results that beat consensus forecast. For the quarter, the company reported earnings of $228.6 million, or $1.01 per share, compared to $187.9 million, or $0.80 per share reported for the same period in the previous year.
Revenue for the quarter rose 15% to $2.25 billion. Analysts were expecting the company to report earnings of $0.99 per share and revenue of $2.22 billion for the quarter. Same store sales for the quarter rose 2.4%.
In a conference call with analysts, Dollar Tree CEO Bob Sasser said that the consumer is under pressure and he believes that Dollar Tree is part of the solution and a destination for a cash-strapped customer that is trying to balance budget.
Shares of PDC Energy Inc. (NASDAQ: PDCE), a domestic independent exploration and production company, surged in trading on Wednesday. The stock rose to a 52-week high of $48.38 on Wednesday before paring some of the gains to finish the day 9.61% higher at $45.72.
Shares of Apple Inc. (NASDAQ: AAPL), the maker of iPhones and iPads, fell in trading on Wednesday despite a rally in broad market. The stock fell to an intra-day low of $440.65 before finishing the day 0.98% lower at $444.57.