05:04 AM EST, 01/21/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Progress Software's ( PRGS ) shares were up over 8% in Wednesday's premarket activity after the company reported an increase in Q4 earnings and sales overnight, and its earnings guidance for fiscal 2026 beat market expectations.

The company reported fiscal Q4 adjusted earnings late Tuesday of $1.51 per share, up from $1.33 a year earlier.

Analysts polled by FactSet expected $1.31.

Revenue for the three months ended Nov. 30 rose to $252.7 million from $215.0 million a year earlier.

Analysts surveyed by FactSet expected $252.9 million.

For Q1, the firm expects an adjusted EPS of $1.56 to $1.62 on revenue of $244 million to $250 million. Analysts expect $1.41 and $243.6 million, respectively.

For fiscal 2026, it projects an adjusted EPS of $5.82 to $5.96 on revenue of $986 million to $1.0 billion. Analysts expect $5.66 and $992.5 million, respectively.

Price: 41.99, Change: +3.39, Percent Change: +8.78