Healthcare Services Group Inc. (HCSG) reported that its third-quarter net income increased to $11.52 million or $0.17 per share, from $9.996 million or $0.15 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter increased over 24% to $272.68 million compared to $218.93 million for the same 2011 period. Four analysts had consensus revenue estimate of $270.35 million for the quarter.
Additionally, the company said that its board declared a regular quarterly cash dividend of $0.1650 per common share, payable on November 30, 2012 to shareholders of record at the close of business on October 26, 2012.
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