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HealthEquity: Fiscal 4Q Earnings Snapshot

DRAPER, Utah (AP) _ HealthEquity Inc. (HQY) on Monday reported a fiscal fourth-quarter loss of $190,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Draper, Utah-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The provider of services for managing health care accounts posted revenue of $201.2 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $198.5 million.

For the year, the company reported profit of $39.7 million, or 58 cents per share. Revenue was reported as $532 million.

HealthEquity expects full-year earnings in the range of $1.70 to $1.81 per share, with revenue in the range of $770 million to $790 million.

HealthEquity shares have fallen 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $44.15, a fall of 46% in the last 12 months.


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