DRAPER, Utah (AP) — DRAPER, Utah (AP) — HealthEquity Inc. (HQY) on Tuesday reported fiscal fourth-quarter earnings of $49.7 million.
On a per-share basis, the Draper, Utah-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 95 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The provider of services for managing health care accounts posted revenue of $334.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $332.8 million.
For the year, the company reported profit of $215.2 million, or $2.46 per share. Revenue was reported as $1.31 billion.
HealthEquity expects full-year earnings in the range of $4.56 to $4.65 per share, with revenue in the range of $1.41 billion to $1.42 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 HQY at https://www.zacks.com/ap/HQY
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