HCSG - Healthcare Services Group +12.6% after Q3 earnings beat

Healthcare Services Group ([[HCSG]] +10.8%) reports Q3 revenue of $435.9M (-4.3% Y/Y), with housekeeping & laundry and dining & nutrition segment revenues of $223.4M and $212.5M, respectively.Direct cost of services was reported at $365.4M, or 83.8%.Housekeeping & laundry and dining & nutrition segment margins were 11.1% and 9.2%.SG&A was reported at $37.3M, or 8.6%.Cash flow from operations of $49.2M.Net income of $27.6M, or EPS of $0.37, beats expectations by $0.10.Effective tax rate of 25.6% and expects a 2020 tax rate of 24% to 26%.Quarterly cash dividend declared of $0.205 per common share.Previously: Healthcare Services EPS beats by $0.10, revenue in-line (Oct. 21)

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Healthcare Services Group +12.6% after Q3 earnings beat