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Progress Software Corp. (PRGS) Broke Out To A New High On Q4 Results

Progress Software Corp. (PRGS) reported fourth quarter EPS of $0.67 after the bell Wednesday, up from $0.62 a year ago. The consensus estimate was for EPS of $0.61.

Progress Software gapped open sharply higher Thursday and rose steadily during the first hour of trade, before settling into a range. Shares finished with a gain of 6.88 at $50.55 on the highest volume of the year. The stock soared to a new high for the year.

by RTTNews Staff Writer

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