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Progress Drops 9% as FYQ3 Revenue, Earnings Miss; Q4 Earnings View Light

Shares of software development tools vendor Progress Software (PRGS) are down $2.75, or almost 10%, at $25.65, after the company this afternoon reported fiscal Q3 revenue and profit that missed analysts’ expectations, and forecast revenue this quarter above consensus but profit below. Revenue in the three months ended in August rose 2%, year over year, […]
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