Progress Software Corp. shares slipped in the extended session Tuesday after the infrastructure software company’s quarterly earnings beat but its revenue...
Progress Software Corp.
shares slipped in the extended session Tuesday after the infrastructure software company’s quarterly earnings beat but its revenue didn’t, while offering an outlook that was also mixed compared with the Wall Street average. Progress Software shares fell as much as 3% after hours, and were last down 1.4%, following a 0.5% decline in the regular session to close at $53.50. The company reported fourth-quarter net income of $23.7 million, or 54 cents a share, compared with $14.
shares slipped in the extended session Tuesday after the infrastructure software company’s quarterly earnings beat but its revenue didn’t, while offering an outlook that was also mixed compared with the Wall Street average. Progress Software shares fell as much as 3% after hours, and were last down 1.4%, following a 0.5% decline in the regular session to close at $53.50. The company reported fourth-quarter net income of $23.7 million, or 54 cents a share, compared with $14.
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