Providence Service Corp. (Nasdaq:PRSC) announced its financial results for the second quarter ended June 30, 2011. For the second quarter of 2011, the Company reported revenue of $235.3 million, an increase of 5.8% from $222.3 million for the comparable period in 2010. Revenue from Providence's non-emergency transportation (NET) services segment grew 6.7% to $142.0 million in the second quarter from $133.1 million in the prior year period. Revenue from the social services segment increased 4.6% to $93.3 million, up from $89.2 million in the second quarter of 2010. Net income was $4.9 million, or $0.36 per diluted share, in the second quarter of 2011. This compares to net income of $7.3 million, or $0.54 per diluted share, in the second quarter of 2010.

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