DRAPER, Utah – HealthEquity Inc. (NASDAQ:HQY) reported third-quarter earnings that beat analyst expectations, however shares fell almost 4% in after-hours buying and selling Monday.
The well being financial savings account supplier posted adjusted earnings of $0.78 per share for the quarter ended October 31, surpassing the consensus estimate of $0.72. Income rose 21% YoY to $300.4 million, additionally topping expectations of $289.92 million.
“Robust third quarter outcomes delivered by Staff Purple helped drive HSAs to 9.5 million, HSA Property to $30 billion, Whole (EPA:TTEF) Accounts to 16.5 million and quarterly income to over $300 million, all quarterly information,” stated Jon Kessler, President and CEO of HealthEquity.
The corporate reported 9.5 million well being financial savings accounts as of October 31, up 15% from a 12 months earlier. Whole HSA belongings grew 33% YoY to $30 billion.
For fiscal 2025, HealthEquity forecasts income of $1.185 billion to $1.195 billion and adjusted earnings of $3.08 to $3.16 per share.
The corporate additionally offered an preliminary outlook for fiscal 2026, projecting income of $1.275 billion to $1.295 billion.
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
(Bloomberg) -- The Federal Reserve’s most well-liked inflation metric is predicted to chill to the…
(Reuters) - An financial partnership between Ukraine and the U.S. would profit each nations, U.S.…
Shutterstock / Shutterstock.com The economic system is large, complicated and tough for most individuals to…
Consumers in Walnut Creek, Calif., on Dec. 16, 2024. Most official information continues to point…
The Federal Reserve constructing in Washington, DC. - Joshua Roberts/Reuters/File Elon Musk is eager on…
The spring home-selling season is shaping as much as be difficult for main homebuilders, largely…