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Progress Software: Fiscal Q3 Earnings Snapshot
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BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Progress Software Corp. (PRGS) on Wednesday reported net income of $22.8 million in its fiscal third quarter.

The Burlington, Massachusetts-based company said it had profit of 55 cents per share. Earnings, adjusted for one-time gains and costs, were $1.69 per share.

The business software maker posted revenue of $246 million in the period.

For the current quarter ending in November, Progress Software expects its per-share earnings to range from $1.24 to $1.33.

The company said it expects revenue in the range of $297 million to $305 million for the fiscal fourth quarter.

Progress Software expects full-year earnings in the range of $6.15 to $6.23 per share, with revenue ranging from $1.04 billion to $1.05 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGS at https://www.zacks.com/ap/PRGS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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