Five Star Quality Care (FVE) Misses Q1 EPS by 3c
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Five Star Quality Care, Inc. Announces First Quarter 2016 Results
May 4, 2016 7:01 AM EDTNEWTON, Mass.--(BUSINESS WIRE)-- Five Star Quality Care, Inc. (NYSE: FVE) today announced its financial results for the quarter ended March 31, 2016.
Five Star was able to increase senior living revenue, management fee revenue and average monthly rates while maintaining strong expense controls in the 2016 first quarter, said Bruce Mackey, President and Chief Executive Officer of Five Star. We continue to improve our communities through selective expansions and renovations, and remain optimistic about the future as we assess growth opportunities in our existing businesses.
Financial Results for the quarter ended March 31, 2016:
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