Healthcare Services Group Muddles Through Tough Times
Healthcare Services Group (NASDAQ: HCSG), a provider of housekeeping and dining services to the healthcare industry, reported its second-quarter results on Tuesday.
Sales and profits both declined during the period. That weakness is largely attributable to customer problems that surfaced a few quarters ago and haven't been fully addressed yet. Management is laser-focused on fixing these and returning the business to growth, but it still has work to do in the near term.
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