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CorVel Announces Record Earnings Per Share
Date:2/5/2008

cial results, business expansion and benefits of acquisitions. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company's actual results to differ materially and adversely from those expressed in any forward-looking statement.

The risks and uncertainties referred to above include, but are not limited to, factors described in this press release and the Company's filings with the Securities and Exchange Commission, including "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended March 31, 2007. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

CorVel Corporation

Quarterly Results - Income Statement (unaudited)

Quarter ended December 31, 2006 and 2007

Quarter Ended Quarter Ended

December 31, December 31,

2006 2007

Revenues 66,580,000 76,678,000

Cost of revenues 51,048,000 56,279,000

Gross profit 15,532,000 20,399,000

General and administrative 9,263,000 10,584,000

Income from operations 6,269,000 9,815,000

Income tax expense 2,444,000 3,829,000

Net income 3,825,000 5,986,000

Earnings Per Share:

Basic $0.27 $0.43

Diluted $0.27 $0.43

Weighted Shares

Basic
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SOURCE CorVel Corporation
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