Progress Software stock falls 11% despite beating estimates, raises full-year revenue projections

From Yahoo Finance: 2025-07-01 11:38:00

Progress Software stock plummeted 11% despite beating second-quarter estimates. Revenue of $237.36 million and EPS of $1.40 exceeded expectations. Full-year revenue projections were raised to $962-$974 million, with adjusted EPS range of $5.28-$5.40. Analysts had projected revenue of $964.10 million and EPS of $5.28. Progress acquired AI search firm Nuclia.



Read more at Yahoo Finance: Progress Software Stock Tumbles Despite Earnings Topping Estimates