Progress Software (PRGS) Sees Q3 Results Below Street Views

September 6, 2011 8:02 AM EDT
Progress Software Corporation (Nasdaq: PRGS), sees preliminary third-quarter 2011 revs of $128 million and non-GAAP earnings of 27 to 29 cents per share. The Street currently sees earnings of 36 cents per share and revs of $134.8 million.

The non-GAAP amounts primarily exclude the amortization of acquired intangibles, stock-based compensation and restructuring and transition costs. These preliminary financial results are subject to revision until the Company reports its full fiscal third quarter results on September 27, 2011.


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