CorVel (CRVL), a provider of risk management services for businesses, falls 8.5% after reporting...

|About: CorVel Corp. (CRVL)|By:, SA News Editor

CorVel (CRVL), a provider of risk management services for businesses, falls 8.5% after reporting FQ3 revenue of $101M (+6% Y/Y) and EPS of $0.47. The company's gross margin fell 360 bps Q/Q to 20.9%, a decline it blames on a mix shift towards lower-margin services.