Progress Software stock surges nearly 20% on earnings beat, raised outlook

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Progress Software Corp. shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter and hiked its outlook....

Progress Software Corp. PRGS, +3.48% shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter and hiked its outlook. Progress Software shares rallied 18% after hours, following a 3.5% gain to close the regular session at $38.32. The company reported fiscal first-quarter net income of $9.4 million, or 21 cents a share, compared with $13.7 million, or 29 cents a share, in the year-ago period. Adjusted earnings were 50 cents a share.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

China stocks rally on investor optimism, but corporate earnings lagA sharp rally in Chinese stocks this year has been driven more by investor optim... On the one hand, they, in the USA and Western Europe, have criticised and blamed China all the time; on the other hand, they observe and follow with attention and excitement the Chinese indices.
Källa: Reuters - 🏆 2. / 97 Läs mer »

Cramer: Lyft IPO likely to surge, drawing investors back to whole stock marketLyft is slated to have a blockbuster initial public offering, drawing investor attention back to the stock market, CNBC's Jim Cramer said on Thursday. Cramer pump and dump? 🤔 JohnMelloy jimcramer 'likely' means you're not sure ;) gimme some sure tips that I can work with Lyft
Källa: CNBC - 🏆 12. / 72 Läs mer »

The Case for Buying Boeing Stock Now, Earnings Be DamnedBaird analyst Peter Arment, who cut his earnings estimates in a research report today, is still bullish on the aircraft maker’s shares, even after a pair of devastating crashes.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stock market winners list so far this year features odd bedfellows in 'FANG' and utility stocksStocks that act more like bonds are what investors prefer at the moment. Orthodontist tells me you can fix a FANG by putting having braces installed
Källa: CNBC - 🏆 12. / 72 Läs mer »