HealthEquity Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Outlook Raised

04:14 PM EDT, 09/03/2024 (MT Newswires) -- HealthEquity (HQY) reported fiscal Q2 non-GAAP diluted earnings late Tuesday of $0.86 per share, up from $0.53 a year earlier.

Analysts surveyed by Capital IQ expected $0.70.

Revenue for the quarter ended July 31 was $299.9 million, up from $243.5 million a year earlier. Analysts surveyed by Capital IQ expected $285.1 million.

For fiscal 2025, the company raised its guidance and expects non-GAAP EPS of $2.98 to $3.14 on revenue of $1.17 billion to $1.19 billion from an earlier outlook of $2.93 to $3.10 on revenue of $1.16 billion to $1.18 billion.

Analysts expect $3 per share on revenue of $1.17 billion.

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