Progress Software: Fiscal Q2 Earnings Snapshot

BURLINGTON Mass AP BURLINGTON Mass AP Progress Application Corp PRGS on Monday communicated fiscal second-quarter profit of million The Burlington Massachusetts-based company announced it had net income of cents per share Earnings adjusted for one-time gains and costs came to per share The results beat Wall Street expectations The average estimate of five analysts surveyed by Zacks Financing Research was for earnings of per share The business platform maker posted revenue of million in the period which did not meet Street forecasts Four analysts surveyed by Zacks expected million For the current quarter ending in August Progress Application expects its per-share earnings to range from to The company announced it expects revenue in the range of million to million for the fiscal third quarter Progress Application expects full-year earnings in the range of to per share with revenue ranging from million to million This story was generated by Automated Insights http automatedinsights com ap using statistics from Zacks Stake Research Access a Zacks stock document on PRGS at https www zacks com ap PRGS Source