Why Progyny Stock Popped 27%
Shares of employer-sponsored fertility benefits manager Progyny (NASDAQ: PGNY) are up a bouncing baby 26.8% (as of 12:10 p.m. EDT) after the company reported a quadrupling in quarterly profit in its Q1 2020 earnings report last night.
Wall Street analysts had forecast that the fertility specialist would earn just $0.02 per share (still twice last year's haul) on sales of $71.8 million. In fact, Progyny earned twice what the analysts had expected -- $0.04 per diluted share -- and eclipsed sales estimates, too -- $81 million booked.
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Source Fool.com
