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HCSG - Why Healthcare Services Group Stock Jumped Today
Healthcare Services Group Inc.
Shares of Healthcare Services Group (NASDAQ: HCSG) have jumped today, up by 13% as of 12:15 p.m. EST, after the company reported fourth-quarter earnings results. Profits were in line with expectations and the provider of ancillary healthcare services increased its quarterly dividend.
Revenue in the fourth quarter was $447 million, which translated into net income of $18.9 million, or $0.25 per share, by the time it reached the bottom line. Analysts were modeling for $0.25 per share in profits. Operating cash flow was $13.4 million.