URL has been copied successfully!
Progress Software Corporation (NASDAQ:PRGS) reported better-than-expected earnings for the first quarter on Monday.
The company posted quarterly earnings of $1.60 per share which beat the analyst consensus estimate of $1.57 per share. The company reported quarterly sales of $247.799 million which beat the analyst consensus estimate of $246.401 million.
Progress Software raised its FY2026 adjusted EPS guidance from $5.82-$5.96 to $5.91-$6.03 and also increased sales guidance from $986.000 million-$1.000 billion to $988.000 million-$1.000 billion.
Progress Software shares dipped 6.6% to trade at $26.38 on Tuesday.
These analysts made changes to their price targets on Progress Software …
Please follow us:
This post was originally published here
