Progress Software Q1 2024 Adj EPS $1.25 Beats $1.14 Estimate, Sales $184.685M Beat $181.909M Estimate
Portfolio Pulse from Benzinga Newsdesk
Progress Software (NASDAQ:PRGS) reported Q1 2024 earnings of $1.25 per share, surpassing the consensus estimate of $1.14. Sales reached $184.685M, exceeding estimates of $181.909M and marking an 11.52% increase from the previous year.
March 26, 2024 | 8:46 pm
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Progress Software reported higher than expected Q1 2024 earnings and sales, indicating strong financial performance.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for Progress Software suggests a strong performance that could positively influence its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100