Emeritus Corp. (ESC) reported that its third-quarter net loss narrowed to $15.989 million or $0.41 per share from $23.076 million or $0.59 per share last year.
Loss from continuing operations was $16.099 million or $0.41 per share compared to a loss of $22.460 million or $0.57 per share prior year.
On average, 7 analysts polled by Thomson Reuters expected the company to report a loss of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues increased to $222.701 million from $190.904 million last year. Analysts expected revenue of $221.36 million for the quarter.
Same Store total revenue increased 3.4% to $192.1 million from $185.8 million prior year.
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