Investing.com - Progress reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Progress announced earnings per share of $1.00 on revenue of $153.06M. Analysts polled by Investing.com EPS of $0.97 on revenue of $148.1M.
Progress 's are down 68% and is trading at $41.57 , still down 23.00% from its 52 week high of $53.99 set on Wednesday, November 17, 2021.
Progress follows other major Information Technology sector earnings this month
Progress's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, for EPS of $1.07 on revenue of $11.33B.
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