Progyny expects Q2 results above previous forecast; shares gain

Progyny

08/07/2025 17:47

** Shares of fertility benefits management firm Progyny PGNY.O rise 11% to $23.81

** Co says it expects Q2 revenue, adj net income and adj core profit to be slightly better than the ranges it had forecast previously

** CEO Pete Anevski says member activity has paced favorably as compared to outlook

** Co previously expected Q2 revenue between $310 million and $325 million, net income between $11.5 million and $14.5 million and adjusted core profit between $49 million and $53 million

** Co will report results on August 7

** Adds it has entered into a revolving credit facility for up to $200 million, with a maturity date of July 1, 2030

** Stock up 36% YTD

 (Reporting by Sriparna Roy in Bengaluru)

 ((Sriparna.Roy@thomsonreuters.com;))