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Healthcare Services: 1Q Earnings Snapshot

BENSALEM, Pa. (AP) _ Healthcare Services Group Inc. (HCSG) on Tuesday reported first-quarter earnings of $72,000.

The Bensalem, Pennsylvania-based company said it had profit of less than 1 cent on a per-share basis.

The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $501.8 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $504.5 million.

Healthcare Services shares have dropped 23 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.60, a fall of 10 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCSG at https://www.zacks.com/ap/HCSG