Progress Software Corp.
shares rose in the extended session Thursday after the infrastructure software company exceeded Wall Street expectations for the quarter, and hiked its annual outlook. Progress Software shares advanced as much as 4% after hours, following a 2.4% gain in the regular session to close at $54.88. The company reported second-quarter net income of $12.1 million, or 27 cents a share, compared with $29.1 million, or 66 cents a share, in the year-ago period.
shares rose in the extended session Thursday after the infrastructure software company exceeded Wall Street expectations for the quarter, and hiked its annual outlook. Progress Software shares advanced as much as 4% after hours, following a 2.4% gain in the regular session to close at $54.88. The company reported second-quarter net income of $12.1 million, or 27 cents a share, compared with $29.1 million, or 66 cents a share, in the year-ago period.