Progyny falls on dour Q2, annual revenue forecast

Progyny

09/05/2024 22:27

** Fertility benefits management co Progyny's  PGNY.O 
shares fall 26% to $24 in extended trading
    ** Co forecasts FY24 rev below ests
    ** Sees 2024 rev between $1.23 bln and $1.27 bln vs ests of
$1.3 bln
    ** PGNY forecasts Q2 rev between $300 mln and $310 mln vs
ests of $335.8 mln
    ** Co reports Q1 rev of $278.1 mln vs ests of $289.5 mln
    ** Stock down ~12.6% YTD

 (Reporting by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))