Benzinga | Sep 29, 2020 04:16PM EDT

Progress Software Q3 Adj. EPS $0.78 Beats $0.77 Estimate, Sales $109.70M Miss $110.10M Estimate

Progress Software (NASDAQ:PRGS) reported quarterly earnings of $0.78 per share which beat the analyst consensus estimate of $0.77 by 1.3 percent. This is a 4 percent increase over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $109.70 million which missed the analyst consensus estimate of $110.10 million by 0.36 percent. This is a 5.04 percent decrease over sales of $115.52 million the same period last year.