Progress Software stock tanks after quarterly sales miss [MarketWatch]
Progress Software Corporation (PRGS)
Last progress software corporation earnings: 3/26 04:15 pm
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Source: MarketWatch
Progress Software stock tanks after quarterly sales miss Shares of Progress Software Corp. PRGS, +3.51% fell more than 6% in the extended session Thursday after the company reported third-quarter sales below expectations. Progress said it earned $13.6 million, or 30 cents a share, compared with $14.4 million, or 32 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 75 cents a share, compared with 55 cents a share a year ago. Revenue rose 15% to $106.7 million, compared with $92.6 million a year ago. Analysts polled by FactSet had expected Progress to report adjusted earnings of 68 cents a share on sales of $111 million. Progress said its board has authorized a 6% increase in the company's quarterly dividend to 16.5 cents a share, payable Dec. 16 to shareholders of record Dec. 2. The company also upped its guidance for the year, saying it expects adjusted EPS between $2.63 and $2.65 for the year, and GAAP revenue between $406 million and $409 mill
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News
- Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175 [Yahoo! Finance]Yahoo! Finance
- Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc [Yahoo! Finance]Yahoo! Finance
- Progress Software Corp. Statement regarding a Possible Offer for MariaDB plcGlobeNewswire
- Progress Software Co. (NASDAQ: PRGS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences [Yahoo! Finance]Yahoo! Finance
PRGS
Earnings
- 3/26/24 - Beat
PRGS
Sec Filings
- 4/15/24 - Form 4
- 4/8/24 - Form 10-Q
- 4/3/24 - Form 4
- PRGS's page on the SEC website