Healthcare Services Group Bid Lower on Q2 Earnings Results

Shares of Healthcare Services Group HCSG are bid lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid 16.90, at $17.49; they closed the regular session higher by 1.62%, at $17.55. Healthcare Services Group reported Q2 EPS of $0.15 on revenues of $211.5 million; the Street was looking for $0.15 per share on revenues of $215 million. Additionally, the board of directors declared a regular quarterly cash dividend of $.15875 per common share, payable on August 19, 2011 to shareholders of record at the close of business July 29, 2011. This represents an increase of 4% over the dividend declared for the same 2010 period payment. It is the 33rd consecutive regular quarterly cash dividend payment, as well as the 32nd consecutive increase since the company's initiation of regular quarterly cash dividend payments in 2003. Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and dietary services to the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.