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Recap: Brookdale Senior Living Q3 Earnings

Benzinga Insights
·1 min read

Shares of Brookdale Senior Living (NYSE:BKD) rose 0.32 in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 61.90% year over year to ($0.68), which missed the estimate of ($0.28).

Revenue of $807,980,000 declined by 19.92% from the same period last year, which missed the estimate of $841,250,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on BKD

Brookdale Senior Living hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $8.57

52-week low: $1.47

Price action over last quarter: Up 5.82%

Company Description

Brookdale operates senior living communities throughout the United States. Private pay customers contribute the majority of its resident fees. Brookdale's retirement centers are targeted toward middle- to upper-income seniors, typically over the age of 75. They provide basic services, like meals and housekeeping, and supplemental-care services to assist residents with daily activities. Brookdale's assisted living communities offer 24-hour assistance with daily activities and include memory-care communities that are specifically designed for residents with Alzheimer's disease or other dementia. Its continuing-care retirement centers are large communities that accommodate all levels of physical ability and health. The majority of the firm's revenue comes from assisted living resident fees.

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