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Progress Software Corp. (PRGS) Rose To A 3-Month High Following Q4 Report

Progress Software Corp. (PRGS) reported fourth quarter non-GAAP EPS from continuing operations of $0.23 after the bell Thursday, compared to $0.36 in the same quarter last year. The consensus estimate was for EPS of $0.34. Revenue for the quarter were $91.3 million, essentially flat on a constant currency basis year over year, or down 2% using actual exchange rates.

Progress Software climbed during the first half hour of trade Friday, but settled into a range for the remainder of the session. The stock closed up by 1.13 at $22.02 on above average volume. Progress Software closed challenging resistance, trading at a 3-month high.

by RTTNews Staff Writer

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