Healthcare Services Group Reports 41% Drop In Q4 Profit

(RTTNews) - Healthcare Services Group (HCSG) reported earnings for fourth quarter that fell compared to the same period last year.

The company said its profit declined to $9.13 million, or $0.13 per share. This was down from $15.47 million, or $0.22 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.2% to $366.08 million. This was up from $341.62 million last year.

Healthcare Services Group earnings at a glance:

-Earnings (Q4): $9.13 Mln. vs. $15.47 Mln. last year. -Earnings Decline (Y-o-Y): -41.0% -EPS (Q4): $0.13 vs. $0.22 last year. -EPS Decline (Y-o-Y): -40.9% -Analysts Estimate: $0.26 -Revenue (Q4): $366.08 Mln vs. $341.62 Mln last year. -Revenue Change (Y-o-Y): 7.2%