Healthequity Inc (HQY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Healthequity Inc (HQY) reported quarterly earnings results on Tuesday, Jun-7-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.13. The company posted revenue of $44.01 million in the period, compared to analysts expectations of $41.92 million. The company’s revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Healthequity Inc closed down -0.41 points or -1.51% at $26.66 with 4,41,213 shares getting traded on Friday. Post opening the session at $26.99, the shares hit an intraday low of $26.33 and an intraday high of $27.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 27, 2016, Stephen Neeleman (Founder and Vice Chairman) sold 19,900 shares at $25.04 per share price. According to the SEC, on May 27, 2016, Darcy G Mott (Executive VP and CFO) sold 10,000 shares at $25.00 per share price. On May 13, 2016, Jon Kessler (President and CEO) sold 52,000 shares at $25.21 per share price, according to the Form-4 filing with the securities and exchange commission.

HealthEquity Inc. is a provider of a range of solutions for managing health care accounts (Health Savings Accounts (HSAs)) Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings compare treatment options and pricing evaluate and pay healthcare bills receive personalized benefit and clinical information earn wellness incentives and make educated investment choices to grow their tax-advantaged healthcare savings. The Company’s products and services include healthcare saving and spending platform health savings accounts investment advisory services reimbursement arrangements and healthcare incentives.

Healthequity Inc

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