BKD 2.92 Swings to Profit in Q1 All Content
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Posted On: 05/06/2020 9:24:37 AM
BKD 2.92 Swings to Profit in Q1
All Content and Data provided by Third-Parties — Terms of Use
Brookdale Senior Living Swings to Profit in Q1, Revenue Tops Street View
MT NEWSWIRES 7:46 AM ET 5/6/2020
Symbol Last Price Change
BKD 2.92down 0 (0%)
QUOTES AS OF 06:30:00 PM ET 05/05/2020
07:46 AM EDT, 05/06/2020 (MT Newswires) -- Brookdale Senior Living(BKD) said Wednesday that it swung to a Q1 net profit per share of $2 on a GAAP basis, from a loss of $0.23 per share in the prior year period.
The Street estimate was for earnings of $0.26 per share.
Revenue fell to $1.01 billion from $1.04 billion in the year-ago quarter. Analysts were expecting the retirement home operator to report revenue of $1 billion.
Brookdale said that it expects further decline in its resident fee revenue due to fewer move-ins and resident attrition inherent in its business, which may increase as a result of the COVID-19 crisis.
Price: 2.9200, Change: -0.1300, Percent Change: -4.26
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2020 MT Newswires. All rights reserved.
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All Content and Data provided by Third-Parties — Terms of Use
Brookdale Senior Living Swings to Profit in Q1, Revenue Tops Street View
MT NEWSWIRES 7:46 AM ET 5/6/2020
Symbol Last Price Change
BKD 2.92down 0 (0%)
QUOTES AS OF 06:30:00 PM ET 05/05/2020
07:46 AM EDT, 05/06/2020 (MT Newswires) -- Brookdale Senior Living(BKD) said Wednesday that it swung to a Q1 net profit per share of $2 on a GAAP basis, from a loss of $0.23 per share in the prior year period.
The Street estimate was for earnings of $0.26 per share.
Revenue fell to $1.01 billion from $1.04 billion in the year-ago quarter. Analysts were expecting the retirement home operator to report revenue of $1 billion.
Brookdale said that it expects further decline in its resident fee revenue due to fewer move-ins and resident attrition inherent in its business, which may increase as a result of the COVID-19 crisis.
Price: 2.9200, Change: -0.1300, Percent Change: -4.26
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2020 MT Newswires. All rights reserved.
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