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Healthcare Services Q2 Profit Meets Estimate; Revenue Beats

Healthcare Services Group, Inc. (HCSG) reported second-quarter net income of $11.3 million or $0.17 per share, up from $9.8 million or $0.15 per share in the year-ago comparable quarter.

On average, 5 analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the second quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose over 26 percent to $267.1 million from last year's $211.5 million in the same period. Analysts expected revenues of $261.77 million for the quarter.

The company also declared a regular quarterly cash dividend of $.16375 per common share, payable on August 24 to shareholders of record on July 27.

by RTTNews Staff Writer

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