Progress Software Q3 EPS $1.08 Beats $1.00 Estimate, Sales $175.78M Beat $173.57M Estimate
Portfolio Pulse from Happy Mohamed
Progress Software reported Q3 earnings of $1.08 per share, beating the analyst consensus estimate of $1.00 by 8%. The company also reported quarterly sales of $175.78 million, surpassing the analyst consensus estimate of $173.57 million by 1.27%. This represents a 14.85% increase over sales from the same period last year.
September 26, 2023 | 8:17 pm
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POSITIVE IMPACT
Progress Software's Q3 earnings and sales beat estimates, which could positively impact its stock price.
Progress Software reported better than expected Q3 earnings and sales, which is typically a positive signal for the stock. Investors may react positively to this news, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100