Progress Software Analysts Cut Their Forecasts After Q1 Results

Progress Software Corporation (NASDAQ:PRGS) reported better-than-expected earnings for the first quarter on Monday.The company posted quarterly earnings of $1.60 per share which beat the analyst consensus estimate of $1.57 per share. The company reported quarterly sales of $247.799 million which beat the analyst consensus estimate of $246.401 million.Progress Software raised its FY2026 adjusted EPS guidance from $5.82-$5.96 to $5.91-$6.03 and also increased sales guidance from $986.000 million-$1.000 billio ...