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Dec 31, 2021
CorVel Q3 2022 Earnings Report
CorVel's Q3 2022 earnings were announced, revealing increased revenue and earnings per share compared to the same quarter of the previous year.
Key Takeaways
CorVel Corporation reported revenues of $164.51 million and earnings per share of $0.76 for the quarter ended December 31, 2021, compared to revenues of $141.51 million and earnings per share of $0.63 for the same quarter of the previous year. New sales remained robust, and continued investment in payment integrity services created robust growth.
Revenues for the quarter were $164.51 million, an increase from $141.51 million in the same quarter of the previous year.
Earnings per share for the quarter were $0.76, compared to $0.63 in the same quarter of the prior year.
New sales remained robust for the quarter and were a record high for the calendar year 2021.
Continued investment in payment integrity services created robust growth with CERiS in the health market.
Forward Guidance
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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