Providence Service: 1Q Earnings Snapshot

ATLANTA (AP) _ The Providence Service Corp. (PRSC) on Thursday reported first-quarter net income of $16.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had profit of $1. Earnings, adjusted for non-recurring gains, were 58 cents per share.

The provider of government-sponsored social services posted revenue of $367.3 million in the period.

Providence Service shares have fallen slightly more than 3% since the beginning of the year. The stock has dropped 15% in the last 12 months.


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