Progress Software (PRGS) Misses Q3 EPS by 1c, Offers Q4 &FY Guidance

Progress Software (NASDAQ: PRGS) reported Q3 EPS of $0.44, $0.01 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $102 million versus the consensus estimate of $104.72 million.

GUIDANCE:

Progress Software sees FY2016 EPS of $1.57-$1.60, versus the consensus of $1.61. Progress Software sees FY2016 revenue of $412-415 million, versus the consensus of $414.09 million.

Progress Software sees Q4 2016 EPS of $0.55-$0.58, versus the consensus of $0.58. Progress Software sees Q4 2016 revenue of $123-126 million, versus the consensus of $122.65 million.

For earnings history and earnings-related data on Progress Software (PRGS) click here.

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