Progress Software’s stock is up on earnings, revenue beat

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Progress Software Corp.’s stock crawled up 1% in extended trading Tuesday after the computing giant reported quarterly results that topped analyst revenue...

Progress Software Corp.’s PRGS, -1.42% stock crawled up 1% in extended trading Tuesday after the computing giant reported quarterly results that topped analyst revenue and earnings estimates. Progress Software reported fiscal third-quarter net income of $19.1 million, or 42 cents a share, compared with net income of $21.

8 million, or 50 cents a share, in the year-ago quarter. Adjusted earnings were $1.08 a share. Revenue was $175 million, up 16% from $151.2 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of $1 a share on revenue of $173.3 million. Shares of Progress Software have climbed 10% this year, while the broader S&P 500 index SPX, -1.47% has increased 11%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft Corp. stock rises Monday, still underperforms marketShares of Microsoft Corp. inched 0.17% higher to $317.54 Monday, on what proved to be an all-around positive trading session for the stock market, with the...
Source: MarketWatch - 🏆 3. / 97 Read more »