Healthcare Services Group Inc. (HCSG) reported that its first-quarter net income increased to $8.58 million or $0.13 per share, from $7.77 million or $0.12 per share in the year ago quarter.
Revenues for the quarter increased over 25% to $260.61 million from $208.39 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share on revenues of $253.30 million for the quarter. Analysts' estimates typically exclude special items.
Additionally, the company said that its board declared a regular quarterly cash dividend of $0.1625 per common share, payable on May 18, 2012 to shareholders of record at the close of business on April 27, 2012.
by RTT Staff Writer
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