NEW YORK (AP) — NEW YORK (AP) — Progyny Inc. (PGNY) on Thursday reported first-quarter net income of $24.2 million.
The New York-based company said it had profit of 29 cents per share. Earnings, adjusted for stock option expense, were 50 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The provider of fertility and family building benefits posted revenue of $328.5 million in the period.
For the current quarter ending in June, Progyny expects its per-share earnings to range from 50 cents to 53 cents.
The company said it expects revenue in the range of $342 million to $355 million for the fiscal second quarter.
Progyny expects full-year earnings in the range of $1.98 to $2.09 per share, with revenue ranging from $1.37 billion to $1.41 billion.
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