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4-Traders Homepage  >  Equities  >  Nasdaq  >  Progress Software Corporation    PRGS

Delayed Quote. Delayed  - 09/29 08:29:45 pm
27.45 USD   -3.35%
09/28 PROGRESS SOFTWA : posts 3Q profit
09/28 PROGRESS SOFTWA : Initiates Quarterly Dividend
09/28 PROGRESS : Reports 2016 Fiscal Third Quarter Results
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Progress Software : posts 3Q profit

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09/28/2016 | 10:33pm CEST

BEDFORD, Mass. (AP) _ Progress Software Corp. (PRGS) on Wednesday reported fiscal third-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier.

The Bedford, Massachusetts-based company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.

The business software maker posted revenue of $102 million in the period.

For the current quarter ending in November, Progress Software expects its per-share earnings to range from 55 cents to 58 cents.

The company said it expects revenue in the range of $122.3 million to $125.3 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $105.4 million.

Progress Software expects full-year earnings in the range of $1.57 to $1.60 per share, with revenue ranging from $410 million to $413 million.

Progress Software shares have increased 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.40, a climb of 12 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGS at http://www.zacks.com/ap/PRGS

Keywords: Progress Software, Earnings Report

Automated Insights, source Associated Press News

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Latest news on PROGRESS SOFTWARE CORPORAT
09/28 PROGRESS SOFTWARE : posts 3Q profit
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Financials ($)
Sales 2016 414 M
EBIT 2016 123 M
Net income 2016 36,1 M
Debt 2016 1,90 M
Yield 2016 -
P/E ratio 2016 37,37
P/E ratio 2017 29,28
EV / Sales 2016 3,33x
EV / Sales 2017 3,22x
Capitalization 1 377 M
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Progress Software Corporat Technical Analysis Chart | PRGS | US7433121008 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 27,5 $
Spread / Average Target -3,2%
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Managers
NameTitle
Philip M. Pead President, Chief Executive Officer & Director
John Richard Egan Non-Executive Chairman
Jerry Rulli Chief Operating Officer
Chris E. Perkins CFO & Senior VP-Finance & Administration
Michael L. Mark Lead Independent Director
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