CorVel Q3 revenue rises on AI initiatives
Overview
Healthcare solutions provider's fiscal Q3 revenue rose 3% yr/yr
Diluted EPS for fiscal Q3 increased 2% yr/yr
Company repurchased $13.4 mln of common stock during the quarter
Outlook
Company is leveraging AI to enhance efficiency and outcomes in operations
CorVel is integrating recent acquisition to expand technology capabilities
Company aligns investments with customer priorities for efficiency and transparency
Result Drivers
AI INITIATIVES - AI advancements improved efficiency and outcomes across products and services
TECHNOLOGY INVESTMENTS - Investments in technology aligned with customer priorities and addressed rising medical costs
SOFTWARE DEVELOPMENT - Leveraging emerging technologies increased productivity in software development
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $236 mln |
|
Q3 EPS |
| $0.47 |
|
Press Release: ID:nGNX6HnDSz
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