Brookdale Senior Living Inc. (BKD) Wednesday said first-quarter Cash funds from operations, or CFFO, increased to $69.9 million or $0.57 per share from $58.5 million or $0.48 per share in the comparable quarter last year.
For the first quarter, the company reported a profit of $3.6 million or $0.03 per share, compared to a loss of $10.5 million or $0.09 per share last year.
On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $712.3 million, up 4.3 percent from $682.71 million last year. Analysts expected revenues of $707.61 million.
Looking ahead to the fiscal 2013, the company continues to expect CFFO in the range of $2.30 to $2.40 per share.
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