Progyny: Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Progyny Inc. (PGNY) on Tuesday reported fourth-quarter profit of $13.5 million.

On a per-share basis, the New York-based company said it had profit of 13 cents. Earnings, adjusted for stock option expense, came to 32 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The provider of fertility and family building benefits posted revenue of $269.9 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $274.8 million.

For the year, the company reported profit of $62 million, or 62 cents per share. Revenue was reported as $1.09 billion.

For the current quarter ending in March, Progyny expects its per-share earnings to range from 33 cents to 35 cents.

The company said it expects revenue in the range of $285 million to $292 million for the fiscal first quarter.

Progyny expects full-year earnings in the range of $1.54 to $1.59 per share, with revenue ranging from $1.29 billion to $1.32 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGNY at https://www.zacks.com/ap/PGNY