Healthcare Services Stock Jumps 11% After Q3 Profit Beats Estimates

(RTTNews) - Healthcare Services Group, Inc. (HCSG) shares surged 11.35 percent to $18.45, up $1.88 on Wednesday after reporting third-quarter earnings that topped expectations. The company posted a profit of $42.95 million, or $0.59 per share, compared with $14.03 million, or $0.19 per share, a year earlier. Revenue rose 8.5 percent to $464.34 million from $428.15 million, surpassing analysts' estimates of $0.20 per share.

The stock traded between $18.14 and $20.00 during the session, after opening at $18.46 and closing previously at $16.57 on the Nasdaq. Volume reached 0.84 million shares, slightly above the average of 0.78 million.

Over the past 52 weeks, Healthcare Services Group shares have traded between $9.13 and $20.00.