Progyny Q4 2023 GAAP EPS $0.13 Beats $0.10 Estimate, Sales $269.94M Miss $273.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Progyny (NASDAQ:PGNY) reported Q4 2023 earnings of $0.13 per share, surpassing the $0.10 estimate, but its sales of $269.94M fell short of the $273.66M forecast. This represents a 25.95% increase in sales compared to the same period last year.

February 27, 2024 | 9:14 pm
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Progyny's Q4 2023 earnings exceeded expectations with an EPS of $0.13, beating the $0.10 estimate, but sales missed forecasts by a small margin.
The positive earnings surprise could provide a short-term boost to PGNY's stock price, reflecting the company's ability to outperform profit expectations. However, the slight miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact. The significant year-over-year sales growth indicates strong business momentum, which could positively influence investor sentiment.
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