Progress Software: Fiscal Q3 Earnings Snapshot
By AP News
Published - Sep 24, 2024, 04:25 PM ET
Last Updated - Dec 16, 2024, 06:57 PM EST
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Progress Software Corp. (PRGS) on Tuesday reported fiscal third-quarter profit of $28.5 million.
On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 65 cents. Earnings, adjusted for one-time gains and costs, were $1.26 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The business software maker posted revenue of $178.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $175.8 million.
