Healthequity Inc (HQY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Healthequity Inc (HQY) announced its most recent quarterly financial results on Tuesday, Sep-6-2016. HQY said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.13. The company posted revenue of $44.20 million in the period, compared to analysts expectations of $43.38 million. HQY’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Healthequity Inc closed down -0.06 points or -0.18% at $32.5 with 2,93,328 shares getting traded on Thursday. Post opening the session at $32.44, the shares hit an intraday low of $31.98 and an intraday high of $32.74 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 1, 2016, Jon Kessler (President and CEO) sold 34,883 shares at $33.00 per share price. According to the SEC, on Aug 24, 2016, Darcy G Mott (Executive VP and CFO) sold 10,000 shares at $29.30 per share price. On Aug 22, 2016, Stephen Neeleman (Founder and Vice Chairman) sold 102 shares at $30.00 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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