Progress Software Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More
Portfolio Pulse from Adam Eckert
Progress Software Corp (NASDAQ:PRGS) reported strong Q3 earnings, surpassing revenue and EPS estimates. The company raised its full-year guidance and announced a proposed acquisition of ShareFile. PRGS shares rose 4.29% in after-hours trading.
September 24, 2024 | 9:13 pm
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Progress Software reported Q3 revenue of $178.69M and EPS of $1.26, both beating estimates. The company raised its full-year guidance and announced the acquisition of ShareFile. Shares rose 4.29% in after-hours trading.
Progress Software's Q3 results exceeded expectations, leading to a positive market reaction with shares rising 4.29%. The raised guidance and acquisition news further bolster investor confidence, suggesting a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100