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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POSITIVE IMPACT
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