Five Star Quality Care (FVE) Misses Q3 EPS by 6c
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Five Star Quality Care, Inc. Announces Third Quarter 2016 Results
November 3, 2016 7:00 AM EDTNEWTON, Mass.--(BUSINESS WIRE)-- Five Star Quality Care, Inc. (Nasdaq: FVE) today announced its financial results for the quarter and nine months ended September 30, 2016.
Financial Results for the quarter ended September 30, 2016:
Senior living revenue for the third quarter of 2016 decreased 0.8% to $277.4 million from $279.7 million for the same period in 2015. The decline in senior living revenue is a result of decreases in occupancy, partially offset by an increase in average monthly rates to residents who pay privately for services. Management fee revenue for the third... More