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During the afternoon of Wed., Dec. 22, Progress' (PRGS) shares were up 5.9 percent at $43.58 per share.  Also at that time, "The company's stock price began to rise after it forecast 1st quarter earnings per share in the range of 40 cents to 45 cents per share, on revenue in the range of $132 million to $135 million," according to Daniel James Hayden IV of Benzinga.com. Find out more about Progress' stock right after it's fourth quarter results were released!

Progress Software announced its fiscal fourth quarter results on December 21, 2010. According to the organization, "On a generally accepted accounting principles (GAAP) basis, revenue for the quarter was $145.2 million, up 6 percent from $ 136.8 million in the fiscal fourth quarter of 2009." Also on a GAAP basis, the company reported a 27 percent increase in operating income - $32.8 million compared to $25.8 million in the same quarter last year.

In addition to announcing its fourth quarter results, it also reported that its Board of Directors has approved a three-for-two split of its common stock.  Learn more about Progress' performance in its fourth quarter and the stock split now!

Read more: See Progress' 4Q Results Now!