Progress Software Corp Q3 Income Climbs 12%

(RTTNews) - Progress Software Corp (PRGS) released earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $35.67 million, or $0.48 per share. This was higher than $31.98 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.7% to $97.62 million. This was down from $102.42 million last year.

Progress Software Corp earnings at a glance:

-Earnings (Q3): $35.67 Mln. vs. $31.98 Mln. last year. -Earnings Growth (Y-o-Y): 11.5% -EPS (Q3): $0.48 vs. $0.44 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $0.46 -Revenue (Q3): $97.62 Mln vs. $102.42 Mln last year. -Revenue Change (Y-o-Y): -4.7%

-Guidance: Next quarter EPS guidance: $0.58 - $0.61 Next quarter revenue guidance: $112 - $115 Mln Full year EPS guidance: $1.82 - $1.85 Full year revenue guidance: $394 - $397 Mln