Progress Software Corp (PRGS) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $1.15 million, or $0.03 per share. This compares with $15.33 million, or $0.34 per share, last year.
Excluding items, Progress Software Corp reported adjusted earnings of $59.98 million or $1.33 per share for the period.
Analysts on average had expected the company to earn $1.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 21.1% to $214.961 million from $177.523 million last year.
Progress Software Corp earnings at a glance (GAAP) :
-Earnings: $1.15 Mln. vs. $15.33 Mln. last year.
-EPS: $0.03 vs. $0.34 last year.
-Revenue: $214.961 Mln vs. $177.523 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.02 - $1.08
Next quarter revenue guidance: $232 - $238 Mln
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