ORANGE COUNTY EARNINGS
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CorVel Corp.: The Irvine provider of managed care services posted a 13% gain in net income for the fiscal fourth quarter as revenue increased 16%. Net income for the three months ended March 31 totaled $2.7 million, or 66 cents a share, up from $2.4 million, or 57 cents a share, for the same quarter of the prior year. Revenue grew to $43.4 million from $37.4 million. For the year, net income increased 9% to $10.4 million, or $2.52 a share, from $9.5 million, or $2.21 a share, for the previous fiscal year. Revenue advanced 17% to $165.5 million from $141.7 million.