Healthcare Services Group Inc. (HCSG) reported that its fourth-quarter net income increased to $12.8 million or $0.19 per share from $10.6 million or $0.16 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter increased about 11% to $277.04 million, compared to $250.24 million for the same 2011 period, while four analysts had consensus revenue estimate of $278.40 million for the quarter.
Further, the company said that its board declared a regular quarterly cash dividend of $0.16625 per common share, payable on March 15, 2013 to shareholders of record at the close of business on February 22, 2013.
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