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Healthcare Services: 3Q Earnings Snapshot

BENSALEM, Pa. (AP) _ Healthcare Services Group Inc. (HCSG) on Tuesday reported third-quarter profit of $18.3 million.

On a per-share basis, the Bensalem, Pennsylvania-based company said it had profit of 25 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $455.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $451.3 million.

Healthcare Services shares have declined 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.81, a fall of 39% 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