Progress Software Q2 Adj EPS $1.06 Beats $0.90 Estimate, Sales $179.23M Beat $169.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Progress Software reported Q2 earnings of $1.06 per share, beating the analyst consensus estimate of $0.90 by 17.78%. This is a 1.92% increase from the same period last year. The company also reported quarterly sales of $178.30 million, beating the analyst consensus estimate of $169.78 million by 5.02%. This is an 18.17% increase from the same period last year.
June 29, 2023 | 8:19 pm
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POSITIVE IMPACT
Progress Software's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Progress Software reported better than expected Q2 earnings and sales, which is typically a positive signal for the company's stock. Investors may react positively to this news, potentially leading to an increase in the stock price in the short term.
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