Healthcare Services Group (HCSG) Misses Q3 EPS by 2c
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Healthcare Services Group, Inc. Reports Results for the Three and Nine Months Ended September 30, 2018 and Announces Increased Third Quarter 2018 Cash Dividend
October 16, 2018 5:18 PM EDTBENSALEM, Pa., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (NASDAQ: HCSG) (the Company) reported that revenues for the three months ended September 30, 2018 increased to $507 million compared to $491 million for the same period in 2017. During the quarter the Company adjusted its contractual relationships with two regional customers as well as a number of independent facilities. The Company expects the contract changes to impact housekeeping & laundry revenues by approximately $10 million per quarter (with half of the decrease reflected in the Q3 results), and favorably impact margins.
For the three months ended September... More
