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 anticipated EPS of $0.97 on revenue of $148.1M.
Progress shares are down 13% from the beginning of the year , 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, compared to forecasts 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, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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