Sun Healthcare Group Slips To Loss In Q2

7/31/2012 7:13 PM ET

Sun Healthcare Group, Inc. (SUNH: Quote) reported second-quarter net loss of $980 thousand or $0.04 per share, compared to a net income of $9.9 million or $0.38 per share in the prior year quarter.

Income from continuing operations for the quarter was $4.1 million or $0.15 per share, down from $11.4 million or $0.44 per share in the comparable quarter last year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues for the quarter dropped to $457.14 million from $470.58 million last year, while eleven Wall Street analysts expected revenues of $465.81 million for the quarter.

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by RTT Staff Writer

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