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Progress Software Corp. (PRGS) Has Jumped To A New High After Q4 Profit Beat

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 has gapped open sharply higher Thursday morning and is now up 4.40 at $48.07. The stock has leaped to a new high for the year.

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