Healthcare Services Group Q2 Profit Rises; Declares Dividend

(RTTNews) - Healthcare Services Group Inc. (HCSG) Tuesday posted second-quarter net income of $13.9 million or $0.20 per share, compared to $12.9 million or $0.19 per share in the comparable quarter last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased approximately 17% to $319.30 million from $273.60 million last year, while five analysts expected revenues of $321.82 million.

Additionally, the company said its Board of Directors declared a quarterly cash dividend of $0.17375 per common share, payable on September 26, 2014 to shareholders of record at the close of business on August 22, 2014.