Progress Software stock tanks after quarterly sales miss
Shares of Progress Software Corp. fell more than 6% in the extended session Thursday after the company reported third-quarter sales below expectations. Progress said it earned $13.6 million, or 30 cents a share, compared with $14.4 million, or 32 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 75 cents a share, compared with 55 cents a share a year ago. Revenue rose 15% to $106.7 million, compared with $92.6 million a year ago. Analysts polled by FactSet... Читать дальше...