Shares of Healthcare Services Group, Inc. (HCSG) are rising more than 8% Wednesday morning after reporting better-than-expected fourth quarter results.
Profit was $16.16 million or $0.22 per share in the fourth quarter, up from $2.11 milion or $0.03 per share in the same quarter a year ago. Analysts on average were expecting earnings of $0.11 per share.
Quarterly revenue increased to $424.02 million from $420.45 million last year. The consensus estimate was for $419.73 million.
HCSG is at $13.66 currently. It has traded in the range of $11.55-$20.54 in the last 1 year.
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