Five Star Quality Care (FVE) Misses Q1 EPS by 4c, Slight Beat on Revenues
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Five Star Senior Living Inc. Announces First Quarter 2018 Results
May 15, 2018 7:00 AM EDTNEWTON, Mass.--(BUSINESS WIRE)-- Five Star Senior Living Inc. (Nasdaq: FVE) today announced its financial results for the quarter ended March 31, 2018.
Financial Results for the quarter ended March 31, 2018:
Senior living revenue for the first quarter of 2018 decreased 2.8% to $274.5 million from $282.4 million for the same period in 2017, primarily due to the sale of two senior living communities during the fourth quarter of 2017 and two communities during the first quarter of 2018 pursuant to a transaction agreement Five Star entered with Senior Housing Properties Trust (Nasdaq:... More