From Financial Modeling Prep: 2024-12-10 02:55:00

HealthEquity (NASDAQ:HQY) exceeded analyst expectations in Q3 with adjusted earnings of $0.78 per share and revenue of $300.4 million, up 21% YoY. Despite the beat, shares dropped 7% in after-hours trading. The company set records for HSAs, HSA assets, total accounts, and revenue.

HSAs reached 9.5 million, up 15% YoY, with HSA assets growing 33% to $30 billion. HealthEquity projects fiscal 2025 revenue of $1.185 billion to $1.195 billion and adjusted EPS of $3.08 to $3.16. For fiscal 2026, revenue is forecasted between $1.275 billion and $1.295 billion.



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