CORRECTION: Progress Software Q2 EPS $1.09 Beats $0.95 Estimate, Sales $175.08M Beat $168.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Progress Software reported Q2 EPS of $1.09, beating the estimate of $0.95. Sales were $175.08M, surpassing the expected $168.42M.
June 25, 2024 | 8:22 pm
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POSITIVE IMPACT
Progress Software's Q2 earnings and sales both exceeded analyst expectations, with EPS of $1.09 beating the $0.95 estimate and sales of $175.08M surpassing the $168.42M estimate.
The better-than-expected earnings and sales figures are likely to positively impact the stock price of Progress Software in the short term as they indicate strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100