Progress Software Corp Reveals Drop In Q3 Income

(RTTNews) - Progress Software Corp (PRGS) revealed a profit for third quarter that Drops, from the same period last year

The company's earnings came in at $19.41 million, or $0.44 per share. This compares with $28.46 million, or $0.65 per share, last year.

Excluding items, Progress Software Corp reported adjusted earnings of $65.72 million or $1.50 per share for the period.

The company's revenue for the period rose 39.8% to $249.795 million from $178.686 million last year.

Progress Software Corp earnings at a glance (GAAP) :

-Earnings: $19.41 Mln. vs. $28.46 Mln. last year. -EPS: $0.44 vs. $0.65 last year. -Revenue: $249.795 Mln vs. $178.686 Mln last year.

-Guidance: Full year EPS guidance: $5.50 - $5.56 Full year revenue guidance: $975 - $981 mln