Here’s Why These Five Stocks Are Trending on Thursday

Weatherford Prices Senior Note Offering

Weatherford International Plc (NYSE:WFT) is slightly lower after the energy services company priced the offering of $1.1 billion of exchangeable senior notes at an interest rate of 5.875%. The underwriter also has the option to buy an additional $165 million of the notes. The notes don’t mature until 2021, and Weatherford intends to use the money raised to retire bonds with earlier maturities. Weatherford International Plc (NYSE:WFT) was in the equity portfolios of 37 funds from our database at the end of the first quarter.

Ollie’s Turns In a Solid Quarter

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) posted earnings of $0.20 per share on revenue of $193.7 million for its first quarter, beating the consensus estimates by $0.03 per share and $3.26 million, respectively. Revenue rose by 19.2% year-over-year as comparable-store sales jumped by 6%. Gross margin rose 140 basis points to 40.8% and the company expects full-year earnings of $0.84 to $0.86 per share on revenue of $868 million to $878 million, versus analyst expectations of $0.84 and $876 million, respectively. Overall, 11 funds tracked by Insider Monkey owned shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) at the end of March, up by three from the end of 2015.

Guidewire Software Reports Strong Results 

It was a pretty good fiscal third quarter for Guidewire Software Inc (NYSE:GWRE), as the company earned an adjusted $0.14 per share on sales of $98.86 million, beating analysts’ forecasts by $0.08 per share and $6.46 million, respectively. Revenue rose by 15.7% year-over-year, led by the company’s License division, which grew by 37.5%. Guidance is strong, with the company expecting full -year adjusted EPS of $0.73 to $0.76 on revenue between $416.5 million and $420.5 million, versus estimates of $0.69 per share and $414.2 million, respectively. Billionaire Jim Simons’ Renaissance Technologies owned almost 120,000 shares of Guidewire Software Inc (NYSE:GWRE) at the end of March.

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