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.
Shares principally edged larger on Monday forward of extra Huge Tech earnings this week, with…
Shares largely edged greater on Monday forward of extra Massive Tech earnings this week, with…
A pack of personal fairness corporations are circling one of many major subsidiaries of NCC…
(Bloomberg) -- Huge Oil has a robust ally within the White Home, however the first…
Venture renderings for NEOM, a futuristic metropolis at present below development in Saudi Arabia, are…
(Reuters) -Domino's Pizza on Monday posted a shock decline in first-quarter U.S. identical retailer gross…