01:04 PM EDT, 09/25/2024 (MT Newswires) -- Progress Software ( PRGS ) shares rose 14% in recent Wednesday trading, a day after the company posted fiscal Q3 non-GAAP earnings that topped estimates and boosted full-year revenue guidance.

Earnings in the three months ended Aug. 31 rose to $1.26 per diluted share from $1.08 a year earlier, the company said late Tuesday.

Analysts surveyed by Capital IQ expected $1.14.

Revenue climbed to $178.7 million from $175 million a year earlier.

Analysts surveyed by Capital IQ expected $175.9 million.

The company expects fiscal Q4 non-GAAP EPS of $1.15 to $1.25 on revenue of $207 million to $217 million. Analysts surveyed by Capital IQ expect EPS of $1.28 on $194.3 million revenue.

Progress Software ( PRGS ) expects fiscal year 2024 non-GAAP EPS of $4.75 to $4.85, compared with a prior outlook of $4.70 to $4.80. Analysts surveyed by Capital IQ expect $4.76.

The company raised its revenue outlook for the year to $745 million to $755 million from $725 million to $735 million. Analysts expect $730 million.

Price: 65.11, Change: +7.96, Percent Change: +13.93