HealthEquity's First-Quarter Revenue and Earnings Fall Short of Estimates

HealthEquity (NASDAQ: HQY) announced its fiscal 2021 first-quarter results after the market closed on Tuesday. The consumer-directed benefits administrator reported revenue of $190 million, lower than the consensus Wall Street estimate of $193.3 million.

For the period, which ended April 30, the company posted GAAP earnings of $1.8 million, or $0.03 per diluted share. HealthEquity's adjusted (non-GAAP) earnings were $30.8 million, or $0.43 per diluted share. Analysts' average estimate for adjusted earnings had been $0.44 per share. 

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Source Fool.com