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Progress Software (NASDAQ:PRGS) beats Q4 estimates, reporting an EPS of $0.34 on revenue of...

Jan. 03, 2012 4:44 PM ETProgress Software Corporation (PRGS) StockPRGSBy: David Yelle, SA News Editor

Progress Software (NASDAQ:PRGS) beats Q4 estimates, reporting an EPS of $0.34 on revenue of $136M. The company lowers guidance for FQ1 however, now seeing an EPS of $0.25 on revenue of $120M, below consensus EPS expectations of $0.38 on $132M in revenue. Shares -6.5% AH.

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