Brookdale Announces Second Quarter 2018 Results
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Brookdale Senior Living (BKD) Reports In-Line Q2 Revenue
August 6, 2018 4:24 PM EDTBrookdale Senior Living (NYSE: BKD) reported Q2 EPS of ($0.88), $0.65 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.16 billion.
2018 Outlook
Based on the impact of transactions with Welltower entered into following the Company's issuing guidance in May 2018, the Company is updating its full-year 2018 expectations for Adjusted EBITDA, excluding transaction and organizational restructuring costs, to a range of $535 million to $565 million. This updated range reflects the estimated approximately $10 million impact to Adjusted EBITDA resulting from such transactions.
The Company... More
