Stryker shares tumble despite strong Q2 results and raised guidance
FORT WORTH, Texas - On Thursday, CorVel Corporation (NASDAQ:CRVL) reported fourth quarter earnings that exceeded last year’s results, with revenue rising 12% year-over-year.
The healthcare management and network solutions provider saw its stock rise 0.18% in pre-market trading following the announcement.
For the quarter ended March 31, 2025, CorVel reported earnings per share of $0.51, compared to $0.37 in the same quarter last year, representing a 38% increase. Revenue came in at $232 million, up from $207 million in the prior year period.
The company’s gross profit for the quarter increased 34% to $58 million, with gross margin expanding to 25% compared to 21% in the fourth quarter of fiscal 2024.
CorVel ended the quarter with $171 million in cash and cash equivalents and no borrowings. The company repurchased $9 million of common stock during the period.
For the full fiscal year 2025, CorVel reported revenue of $896 million, up from $795 million in fiscal 2024. Earnings per share for the year rose to $1.83 from $1.47 in the previous year.
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