Progress Software Corp. shares fell in the extended session Thursday after the business software company cut its revenue forecast. Progress Software shares dropped 13% to $22.29. The company said it expects adjusted full-year revenue of $410 million to $415 million, down from a previously estimated range of $415 million to $425 million. Analysts surveyed by FactSet expect full-year revenue of $420.7 million. Progress reported adjusted third-quarter earnings of 39 cents a share on adjusted revenue of $100.7 million. Analysts had forecast earnings of 37 cents a share on revenue of $103 million.
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