CORRECTION: Progress Software Q2 Adj 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%. The company also reported quarterly sales of $179.23 million, surpassing the analyst consensus estimate of $169.78 million by 5.57%. This represents a 1.92% increase in earnings and an 18.79% increase in sales compared to the same period last year.
June 29, 2023 | 8:34 pm
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Progress Software's Q2 earnings and sales beat estimates, indicating a positive financial performance. This could potentially lead to a short-term increase in the company's stock price.
Progress Software reported better than expected Q2 earnings and sales, which is typically a positive signal to investors and can lead to an increase in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100