HealthEquity: Fiscal 3Q Earnings Snapshot

·1 min read

DRAPER, Utah (AP) _ HealthEquity Inc. (HQY) on Monday reported fiscal third-quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Draper, Utah-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, were 41 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The provider of services for managing health care accounts posted revenue of $179.4 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $176 million.

HealthEquity expects full-year earnings in the range of $1.55 to $1.61 per share, with revenue in the range of $725 million to $731 million.

HealthEquity shares have declined slightly more than 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $68.57, a climb of roughly 5% in the last 12 months.

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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 HQY at https://www.zacks.com/ap/HQY