Providence Service posts 4Q profit

STAMFORD, Conn. (AP) _ The Providence Service Corp. (PRSC) on Thursday reported fourth-quarter net income of $32.9 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of $2.41. Earnings, adjusted for one-time gains and costs, came to 66 cents per share.

The provider of government-sponsored social services posted revenue of $406.9 million in the period.

For the year, the company reported profit of $41.9 million, or $3.06 per share. Revenue was reported as $1.62 billion.

Providence Service shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $65.45, a climb of 59 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRSC at https://www.zacks.com/ap/PRSC