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