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HealthEquity: Fiscal 2Q Earnings Snapshot

DRAPER, Utah (AP) _ HealthEquity Inc. (HQY) on Tuesday reported a loss of $148,000 in its fiscal second quarter.

The Draper, Utah-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The provider of services for managing health care accounts posted revenue of $176 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $171.3 million.

HealthEquity expects full-year earnings in the range of $1.48 to $1.58 per share, with revenue in the range of $720 million to $730 million.

HealthEquity shares have fallen 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $59.99, a climb of roughly 4% 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