11:55 AM EDT, 07/08/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Progyny ( PGNY ) shares were up over 11% in recent Tuesday trading after the company said it expects Q2 results to be "slightly above" guidance that was provided in May.

For Q2, the benefits management company projected adjusted earnings of $0.40 to $0.43 per share and revenue of $310 million to $325 million. The company also forecast adjusted EBITDA to be between $49 million and $53 million.

Analysts polled by FactSet expect Q2 adjusted earnings of $0.42 per share and revenue of $315.4 million.

Progyny ( PGNY ) is scheduled to report Q2 financial results after the close on Aug. 7.

Progyny ( PGNY ) also said it has access to up to $200 million through a revolving credit facility, which will mature on July 1, 2030.

The revolver is undrawn and the company said it has no planned use for the facility at this time.

Price: 23.97, Change: +2.52, Percent Change: +11.72