CorVel Profit Dips Despite Claims Management Growth

CorVel Corp. has reported net income of $6.95 million for the quarter ending Sept. 30, a 16% decrease from $8.27 million in the prior-year quarter. For the six months ending Sept. 30, net income was $14.4 million, down 5.3% from $15.2 million in the same period last year. Revenues for the quarter were $128 million, up 3% from $124 million in the prior-year quarter. Revenues for the six-month period were $256 million, up 2% from $251 million in the same period last year. Revenue growth for the quarter was driven by a 13% increase in the company’s claims management services, CorVel said...