Progress Software Q3 2024 Adj EPS $1.26 Beats $1.14 Estimate, Adj Sales $178.69M Beat $175.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Progress Software reported Q3 2024 adjusted EPS of $1.26, surpassing the $1.14 estimate, and adjusted sales of $178.69M, beating the $175.94M estimate. This marks a 16.67% increase in EPS and a 1.65% increase in sales compared to the same period last year.
September 24, 2024 | 8:16 pm
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POSITIVE IMPACT
Progress Software's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $1.26 and sales at $178.69M. This performance indicates strong growth and could positively impact the stock price.
The company's earnings per share and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year growth in EPS further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100