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Progress Software Corp. Issues Q2 2012 Guidance Below Analysts' Estimates
Progress Software Corp. announced that for the second quarter of 2012, it expects revenue to be $110 million to $115 million and Non-GAAP diluted earnings per share (EPS) is expected to be $0.17 to $0.19 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.26 on revenues of $124 million for the second quarter of 2012.
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