Progress Software Corporation Sees FY23 EPS $4.16-$4.24 Vs $4.14 Est.; Revenue $690M-$698M Vs $683.76M Est.
Portfolio Pulse from Benzinga Newsdesk
Progress Software Corporation has projected its FY23 EPS to be between $4.16 and $4.24, higher than the estimated $4.14. The company also expects its revenue to be between $690M and $698M, surpassing the estimated $683.76M.
June 29, 2023 | 8:29 pm
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POSITIVE IMPACT
Progress Software Corporation's higher than expected FY23 EPS and revenue forecasts may positively impact its stock price.
Progress Software Corporation's FY23 EPS and revenue forecasts are higher than the estimates. This positive financial outlook could increase investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100