Progress Software (NASDAQ:PRGS) reported its Q4 earnings results on Tuesday, January 16, 2024 at 04:22 PM.
Here’s what investors need to know about the announcement.
Earnings
Progress Software beat estimated earnings by 12.09%, reporting an EPS of $1.02 versus an estimate of $0.91.
Revenue was up $18.35 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 4.84% drop in the share price the next day.
Here’s a look at Progress Software’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 1 | 0.90 | 1.05 | 1.09 |
| EPS Actual | 1.08 | 1.06 | 1.19 | 1.12 |
| Revenue Estimate | 173.57M | 169.78M | 158.66M | 162.57M |
| Revenue Actual | 175.78M | 179.23M | 165.61M | 159.17M |
To track all earnings releases for Progress Software visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
