By Dean Seal
HealthEquity boosted its guidance after notching a record start to the fiscal year for revenue and stronger profitability.
The custodian for health-savings accounts, or HSAs, said after the bell on Tuesday that the tally of HSAs it manages rose 9% year-over-year in the fiscal first quarter, and that the total amount held by those accounts jumped 15% to $31.3 billion.
The Draper, Utah, company said it now expects adjusted earnings of $3.61 to $3.78 per share for the full fiscal year, posting 4 cents to each end of its previous guidance range. Annual revenue is now expected to be $1.29 billion to $1.31 billion, adding $100 million to the low-end of its prior outlook.
For the quarter ended April 30, HealthEquity posted a profit of $53.9 million, or 61 cents a share, compared with $28.8 million, or 33 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were 97 cents a share. Analysts surveyed by FactSet had been expecting 81 cents a share.
Revenue climbed 15% to $330.8 million, topping analyst estimates for $322.3 million, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 03, 2025 16:31 ET (20:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。