HCSG - Healthcare Services GAAP EPS of $0.09 misses by $0.04 revenue of $424.86M misses by $2.36M
- Healthcare Services press release ( NASDAQ: HCSG ): Q2 GAAP EPS of $0.09 misses by $0.04 .
- Revenue of $424.86M (+6.7% Y/Y) misses by $2.36M .
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CEO comment: “As we continue to engage with our clients to capture recent and future inflation on a more real-time basis, several components of the partnership may be considered in the negotiations. Among those are restructuring our notes receivable with certain clients, altering the timing of collections with others, and even exercising our termination rights when we are unable to reach agreement. While we recognize that some of these decisions have a temporary impact on our reported results, we remain confident that these service agreement modifications will further strengthen our client partnerships and position us to exit the year with cost of services in line with our historical target of 86%."
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Healthcare Services GAAP EPS of $0.09 misses by $0.04, revenue of $424.86M misses by $2.36M