Progress Software Corp. (PRGS) reported second quarter adjusted EPS of $0.35 after the bell Wednesday, down from $0.37 a year ago. Analysts expected EPS of $0.31. Full year adjusted EPS is expected to be between $1.45 and $1.52. The consensus estimate is for EPS of $1.42.
Progress Software gapped open higher Thursday, but was range-bound for the majority of the session. The stock closed up by 1.75 at $29.90 on the highest volume of the year. Progress Software broke out of a 3-week trading range and set a new high for the year.
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