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 68% from the beginning of the year, still down 23.00% from its 52 week high of $53.99 set on November 17, 2021.
Progress follows other major Information Technology sector earnings this month
Progress's report follows an earnings beat by Broadcom on September 1, 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 September 12 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar