Extended trading activity shows Progress Software Corporation (NASDAQ: PRGS) slipping 5.34 percent on news of Q2 earnings report.
The company reported its second-quarter financial results, posting an adjusted earnings per share (EPS) of $1.62, which exceeded analysts’ estimates of $1.49.
Progress Software’s revenue for the quarter reached $253.47 million, surpassing the expected $242.74 million. This marks a year-over-year increase of 15.7 percent in EPS and a 6.8 percent rise in revenue.
For the third quarter of 2026, the firm has provided EPS guidance in the range of $1.53 to $1.59, with revenue expected to be between $244.00 million and $250.00 million.
Progress Software also issued its full-year 2026 guidance, projecting EPS between $6.09 and $6.21, and revenue ranging from $990.00 million to $1.00 billion.
The company was changing hands near $31.90 in extended hours trading after closing at $33.70. The shares fluctuated within the day’s range of $33.21 to $34.36 on volume of 1.51 million shares.
