Omega Announces First Quarter 2019 Financial Results

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Go back to Omega Announces First Quarter 2019 Financial Results

Omega Healthcare Investors (OHI) Misses Q1 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus

May 7, 2019 4:55 PM EDT

Omega Healthcare Investors (NYSE: OHI) reported Q1 EPS of $0.34, $0.02 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $223.7 million versus the consensus estimate of $219.9 million.

CEO COMMENTS

Taylor Pickett, Omegas Chief Executive Officer, stated, We had a solid first quarter. We announced our pending acquisition of MedEquities, resolved the sale and transition of our legacy Orianna assets and began to see our general and administrative expenses tick down as legal costs began to moderate. We also announced that we had provided one of our operators, Daybreak, near-term liquidity... More