Progress Software Corp PRGS:NASDAQ

Last Price$49.58NASDAQ Previous Close - Last Trade as of 4:00PM ET 8/12/22

Today's Change+1.72(3.59%)
Bid (Size)$48.00 (1)
Ask (Size)$52.00 (3)
Day Low / High$48.21 - 49.81
Volume179.7 K

Progress Software Posts Higher Q2 Results, Ups 2022 Profit Guidance

4:28PM ET 6/28/2022 MT Newswires
Progress Software (PRGS) on Tuesday reported an adjusted EPS of $1.04 in Q2, up from $0.82 a year earlier. Analysts polled by Capital IQ expected $0.95 for the quarter.

Revenue grew 21% to $148.7 million from a year ago. The Street estimated $146.5 million.

For Q3, the company expects an adjusted EPS of $0.96 to $0.98 on revenue of $147 million to $150 million, against the market consensus of $1.10 for EPS on revenue of $160.9 million.

For 2022, it kept its revenue guidance of $609 million to $617 million while raising its adjusted EPS outlook to $4.05 to $4.11 from $4.01 to $4.09 previously. The consensus was for an EPS of $4.06 on revenue of $612.8 million.

Price: 48.25, Change: -0.55, Percent Change: -1.13