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HQY
Benzinga
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HealthEquity Stock Climbs After Q2 Earnings Report: Here's Why

1. HQY reported Q2 earnings of $1.08 per share, exceeding estimates. 2. Revenue for Q2 reached $325.83 million, beating analyst predictions. 3. Total HSAs increased to 10 million, a 6% rise year-over-year. 4. HSA assets grew to $33.1 billion, reflecting a 12% increase. 5. Q2 outlook raised for adjusted EPS and revenue guidance.

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FAQ

Why Bullish?

Strong earnings and revenue beat, coupled with positive guidance, historically boosts stock prices.

How important is it?

Earnings beat and raised guidance significantly enhance growth outlook for HQY.

Why Short Term?

Immediate positive market reaction seen in after-hours trading indicates short-term impact.

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