U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Wednesday.

Shares of Progress Software Corporation (NASDAQ:PRGS) fell sharply in today's pre-market trading after the company issued first-quarter EPS guidance below estimates.

Progress Software reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.22 per share. The company reported quarterly sales of $215.00 million which beat the analyst consensus estimate of $211.25 million.

Progress Software said it sees first-quarter revenue of $232 million to $238 million versus market estimates of $235.840 million. The company projects adjusted earnings of $1.02 to $1.08 per share, versus expectations of $1.25 per share.

Progress Software shares declined 2.6% to $61.90 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

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