Providence Service (PRSC) Tops Q4 EPS by 40c, Revenues Beat
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February 27, 2020 6:00 AM EST
ATLANTA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- The Providence Service Corporation (the Company or Providence) (Nasdaq: PRSC), the nation's largest provider of non-emergency medical transportation ("NEMT") programs and holder of a minority interest in Matrix Medical Network, today reported financial results for the quarter and year ended December 31, 2019.
Daniel E. Greenleaf, President and Chief Executive Officer, commented, In the fourth quarter of 2019, Providence delivered strong revenue growth of 6.7%, net loss from continuing operations of $11.4 million and Adjusted EBITDA of $10.2 million. During the quarter, in response to higher transportation cost experienced throughout the year,... More
