Shares of health savings trustee HealthEquity (HQY) are falling today after reporting year-end sales metrics last night. The total number of HSAs for which it serves as a non-bank custodian as of January 31 was 3.4M, an increase of 24% from 2.7M as of January 31, 2017. Total custodial assets held by HSA Members as of January 31 was $6.8B, an increase of 35% from $5B a year earlier.

BUSINESS OUTLOOK: For the year ended January 31, the company reaffirmed its previously provided outlook of revenue in the range of $225M-$228M against consensus estimates of $227.43M and earnings per share of 64c-66c versus a consensus of 66c. The company also provided fiscal year 2019 revenue guidance in the range of $274M to $280M. Analysts were forecasting FY19 revenue of $279.07M.

ANALYST SEES REVENUE OUTLOOK LIGHT: In a note to investors out after the company’s release last night, Cantor Fitzgerald analyst Steven Halper said the 2019 revenue outlook was “slightly below expectations.”

PRICE ACTION: Shares of HealthEquity are off their earlier lows of $47.23 but still struggling at midday, down 5% to $48.88 per share.