CorVel Q3 revenue rises on AI initiatives

Reuters
Feb 03
CorVel Q3 revenue rises on AI initiatives

Overview

  • Healthcare solutions provider's fiscal Q3 revenue rose 3% yr/yr

  • Diluted EPS for fiscal Q3 increased 2% yr/yr

  • Company repurchased $13.4 mln of common stock during the quarter

Outlook

  • Company is leveraging AI to enhance efficiency and outcomes in operations

  • CorVel is integrating recent acquisition to expand technology capabilities

  • Company aligns investments with customer priorities for efficiency and transparency

Result Drivers

  • AI INITIATIVES - AI advancements improved efficiency and outcomes across products and services

  • TECHNOLOGY INVESTMENTS - Investments in technology aligned with customer priorities and addressed rising medical costs

  • SOFTWARE DEVELOPMENT - Leveraging emerging technologies increased productivity in software development

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$236 mln

Q3 EPS

$0.47

Press Release: ID:nGNX6HnDSz

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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