Progress Software: Fiscal 3Q Earnings Snapshot
BEDFORD, Mass. (AP) _ Progress Software Corp. (PRGS) on Thursday reported fiscal third-quarter net income of $16.7 million.
The Bedford, Massachusetts-based company said it had profit of 37 cents per share. Earnings, adjusted for one-time gains and costs, came to 60 cents per share.
The business software maker posted revenue of $95.7 million in the period.
For the current quarter ending in November, Progress Software expects its per-share earnings to range from 71 cents to 74 cents.
The company said it expects revenue in the range of $106.7 million to $109.7 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $116.5 million.
Progress Software expects full-year earnings in the range of $2.45 to $2.48 per share, with revenue ranging from $392.6 million to $395.6 million.
Progress Software shares have decreased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $42.55, a rise of 12 percent in the last 12 months.