Healthcare Services: 4Q Earnings Snapshot
BENSALEM, Pa. (AP) _ Healthcare Services Group Inc. (HCSG) on Tuesday reported fourth-quarter profit of $31.6 million.
The Bensalem, Pennsylvania-based company said it had net income of 42 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $496.4 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $506.2 million.
For the year, the company reported profit of $83.5 million, or $1.12 per share. Revenue was reported as $2.01 billion.
Healthcare Services shares have risen 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.17, a fall of 16 percent in the last 12 months.