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Providence Service posts 4Q profit

STAMFORD, Conn. (AP) _ The Providence Service Corp. (PRSC) on Thursday reported fourth-quarter profit of $69.8 million.

The Stamford, Connecticut-based company said it had net income of $4.92 per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The provider of government-sponsored social services posted revenue of $386 million in the period.

For the year, the company reported profit of $74.4 million, or $5.07 per share. Revenue was reported as $1.58 billion.

Providence Service shares have increased slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.26, a decline of 9 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 PRSC at https://www.zacks.com/ap/PRSC


Keywords: Providence Service, Earnings Report