HealthEquity Reports Third Quarter Ended October 31, 2024 Financial Results
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HealthEquity reported its financial results for the third quarter ended October 31, 2024. The company achieved a revenue of $300.4 million, marking a 21% increase from the previous year. However, net income decreased to $5.7 million from $14.7 million, while non-GAAP net income rose by 33% to $69.4 million.
December 09, 2024 | 9:15 pm
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NEUTRAL IMPACT
HealthEquity's Q3 revenue increased by 21% to $300.4 million, but net income fell to $5.7 million. Non-GAAP net income rose by 33% to $69.4 million.
The increase in revenue and non-GAAP net income is positive, but the decrease in net income could concern investors. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100