Healthcare Services Group Inc. (HCSG) Tuesday, reported that its profit for the fourth-quarter decreased from the previous year quarter.
The company recorded net income for the fourth quarter of $6.57 million or $0.15 per share, compared to $7.28 million or $0.17 per share in the year-ago quarter.
Revenues for the quarter increased 18% to $182.56 million from $154.56 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.20 per share, on revenues of $180.96 million for the quarter. Analysts estimates typically exclude special items.
Net income for the year increased over 14% to $30.34 million or $0.69 per share compared to the previous year period net income of $26.61 million or $0.60 per share. Revenues increased 15% to $692.69 million from $602.71million for the same 2008 period.
The company declared a regular quarterly cash dividend of $.21 per share, payable on March 5, 2010 to shareholders of record at the close of business February 12, 2010.
HCSG closed Tuesday's regular trading at $21.29 up $0.27 or 1.28% however, in the after hour trading the stock price decreased to $21.02 down $0.27 or 1.27%.
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