Why Healthcare Services Group Is Being Mauled Today
After reporting second-quarter results that fell short of expectations, shares of Healthcare Services Group (NASDAQ: HCSG) -- a provider of outsourced housekeeping and dining services for the healthcare industry -- fell 22% as of 1:15 p.m. EDT on Wednesday.
The headline numbers from the period were pretty rough:
Management stated that the revenue decline was primarily attributable to previously announced customer problems. They also admitted that it remains "a tough environment for the industry."
Quelle Fool.com
