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New York, NY -- (SBWIRE) -- 03/28/2013 -- StockRunway.com issues special report on the Trader’s Watch List – Progress Software Corporation (NASDAQ:PRGS), PVH Corp (NYSE:PVH)
The Bedford, Massachusetts-based Progress Software Corporation (NASDAQ:PRGS) announced on Wednesday a profit for fiscal Q1 that sharply moved up from previous year, showing hefty gains from discontinued operations.
However, adjusted earnings from continuing operations failed to meet analysts&apos forecasts by a penny. The corporation also offered revenue expansion outlook for the year. How Should Investors Trade GERN
Should PRGS a Buy or Sell Now? Find Out Here
Business software maker announced net income of $31.12 million or $0.53 a share for fiscal Q1, sharply over $7.49 million or $0.12 a share in same quarter a year ago.
Quarterly income from continuing operations fell to $9.12 million or $0.16 a share from $11.95 million or $0.19 a share in same period a year ago.
Thomson Reuters 5 analyst’s survey on average forecasted to announce earnings of $0.24 a share for the three months period.
How Should Investors Trade PRGS Now? Don’t Miss out a Special Trend Analysis
PVH Corp (NYSE:PVH) reports that its Warnaco purchase will require additional investments than the New York based company earlier forecasted and weigh on its earnings for the year.
The clothing company, earlier known as Phillips-Van Heusen Corp, also announced that 2013 will be a transitional year as it invests in its brands. Shares of the company plunged in extended trading session on Wednesday.
PVH acquire competitor The Warnaco Group in an agreement worth $2.9 billion that done February 13.
What PVH’s Charts Are Signaling for Traders? Find Out Here
New York based PVH earned $80.7 million or $1.09 a share for three months period that finished February 3, evaluated against $35.5 million or 48 cents a share for same three months period in previous year. PVH made $1.60 a share on an adjusted basis compared with $1.19 a share.
The company earned $433.8 million or $5.87 a share for full year on $6.04 billion of revenue.
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