Progress Software Corp. shares rallied in the extended session Thursday after the business software company's quarterly earnings and outlook topped Wall...
Progress Software Corp.
shares rallied in the extended session Thursday after the business software company's quarterly earnings and outlook topped Wall Street estimates. Progress Software shares surged 13% after hours, following a 1.9% rise to close the regular session at $40.63. The company reported second-quarter net income of $8.2 million, or 18 cents a share, compared with $12.9 million, or 28 cents a share, in the year-ago period. Adjusted earnings were 65 cents a share. Revenue rose to $100 million from $92.
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