Healthcare Services Group (HCSG -1.6%) slips on profit-taking following a 15% runup in the stock...


Healthcare Services Group (HCSG -1.6%) slips on profit-taking following a 15% runup in the stock ahead of its Q3 earnings, which largely matched Street estimates late yesterday. Net profit rose 15% on slightly better revenue growth, but investors appear to be concerned that valuations are getting stretched with the stock up nearly 35% YTD. The company also authorized a dividend increase of 0.8% to $0.165 per share from $0.16375.

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