Orlando, FL 6/8/12 ( StreetBeat ) – Shares of developer software tools maker Progress Software ( Nasdaq:PRGS ) have been halted in late trading pending a new announcement. The last quote for the stock was unchanged at $20.29. Update: The company warned its revenue and profit for the fiscal Q2 that ended last month would fall well below expectations thanks to disruption caused by the company’s announcement of strategic restructuring back on April 25th, and also “overall weakness in the global economy.” Progress forecast revenue last quarter of $110 million to $115 million, and EPS in a range of 17 cents to 19 cents a share. That is below the $124 million and 26 cents the Street had been anticipating. Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling. StreetBeat Disclaimer Distributed by Viestly