Medical costs manager CorVel's Q1 revenue, EPS rise on service expansion
Medical costs manager CorVel's Q1 revenue, EPS rise on service expansion
Overview
US healthcare claims manager's fiscal Q1 revenue rose 11% year-over-year
Diluted EPS for fiscal Q1 rose 21% year-over-year
Company repurchased $21.8 mln of common stock during the quarter
Outlook
CorVel did not provide specific guidance for current or future quarters in press release
Result Drivers
SERVICE EXPANSION - Co said expanded support for workers’ compensation and liability clients through new Executive Advisory Services contributed to results
PAYMENT INTEGRITY INVESTMENTS - CERIS broadened payment integrity capabilities through new client implementations and targeted investments
Company press release: ID:nGNX9hdZ8k
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $260 mln |
|
Q1 EPS |
| $0.63 |
|
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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.)