AP News

Healthcare Services 3Q income grows 15 percent


BENSALEM, Pa. (AP) — Healthcare Services Group Inc., which provides housekeeping and food services to hospitals and nursing homes, said Tuesday that its net income rose 15 percent in the third quarter.

Healthcare Services earnings totaled $11.5 million, or 17 cents per share. A year ago it reported a profit of $10 million, or 15 cents per share. Revenue grew 25 percent, to $272.7 million.

Analysts forecast net income of 17 cents per share and $270 million in revenue, according to FactSet.

The company also said it will pay a quarterly dividend of 16.5 cents per share on Nov. 30 to shareholders of record as of Oct. 26.

Shares of Healthcare Services Group fell 31 cents to close at $23.52.


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