Why Progyny Stock Dropped Today
PGNYProgyny(PGNY) The Motley Fool·2024-08-08 01:48

Progyny's second-quarter earnings weren't what the market wanted, but there's no reason to panic just yet.Shares of leading fertility benefits specialist Progyny (PGNY -20.51%) dropped 19% as of 1 p.m. EDT on Wednesday, according to data provided by S&P Global Market Intelligence.While Progyny beat analysts' expectations for 0.40inadjustedearningspershare(EPS)by0.40 in adjusted earnings per share (EPS) by 0.03, its revenue of 304millionwaseversoslightlybelowtheconsensusof304 million was ever-so-slightly below the consensus of 305 for the second quarter. However, what really seemed to ...