Finance

CorVel announces revenues and earnings; EPS down 23%

Published in Managed Care Business Week, December 13th, 2005

CorVel Corp. (CRVL) reported earnings per share (EPS) of $0.22 for the quarter ended September 30, 2005, down 23% from per share earnings of $0.29 for the same quarter of the prior year.

September-quarter revenues were $66 million, down 8% from $72 million in the September quarter of 2004. Revenues and earnings for the quarter reflected the company's ongoing product development commitment, despite the continuing soft workers' compensation claims market, regulatory compliance expenses, and recent hurricane disruptions.

Despite the severity of regional storm damage, CorVel's operations staff and flexible information systems architecture combined to...

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Source: Managed Care Business Week (2005-12-13)

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