Progyny Sees FY23 Revenue $1.087B-$1.095B Vs $1.08B Est
Portfolio Pulse from Benzinga Newsdesk
Progyny (PGNY) has updated its financial guidance for the full year 2023. The company now expects revenue to be between $1.087 billion and $1.095 billion, reflecting a growth of 38% to 39%. Net income is projected to be between $58.3 million and $60.0 million, or $0.58 to $0.59 per diluted share. Adjusted EBITDA is projected to be between $186.0 million and $188.5 million.
November 07, 2023 | 9:41 pm
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POSITIVE IMPACT
Progyny has raised its FY23 revenue guidance, which could positively impact its stock price in the short term.
Progyny's raised revenue guidance for FY23 indicates strong business performance and growth, which is likely to be viewed positively by investors. This could lead to increased demand for the stock, potentially driving its price up in the short term.
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