Progress Software Corp Earnings Advance 8% In Q3

(RTTNews) - Progress Software Corp (PRGS) revealed a profit for its third quarter that increased from last year.

The company said its bottom line climbed to $21.63 million, or $0.44 per share. This was up from $20.02 million, or $0.39 per share, in last year's third quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $102.42 million. This was up from $100.72 million last year.

Progress Software Corp earnings at a glance:

-Earnings (Q3): $21.63 Mln. vs. $20.02 Mln. last year. -Earnings Growth (Y-o-Y): 8.0% -EPS (Q3): $0.44 vs. $0.39 last year. -EPS Growth (Y-o-Y): 12.8% -Analysts Estimate: $0.45 -Revenue (Q3): $102.42 Mln vs. $100.72 Mln last year. -Revenue Change (Y-o-Y): 1.7%

-Guidance: Next quarter EPS guidance: $0.55 - $0.58 Next quarter revenue guidance: $123 - $126 Mln Full year EPS guidance: $1.57 - $1.60 Full year revenue guidance: $412 - $415 Mln