Brookdale Senior Living Inc. (NYSE:BKD) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3%.
Brookdale Senior Living Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.20 in the quarter versus EPS of $-0.12 in the year-earlier quarter.
Revenue: Rose 4.13% to $699.75 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Brookdale Senior Living Inc. reported adjusted EPS loss of $-0.20 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It beat the average revenue estimate of $699.55 million.
Quoting Management: Bill Sheriff, Brookdale’s CEO, said, “We had a strong finish to the year as evidenced by the fourth quarter’s occupancy increases across our segments and another good entry fee sales quarter. We are seeing some signs of improvements in the general economy that lend themselves to driving demand for our products. At the same time, we are positioning the Company to maximize its opportunities with an empowered, resident-focused field organization and a sales and marketing organization with the appropriate resources. With the Company positioned for success, we are excited about our prospects for 2013.”
Key Stats (on next page)…