Shares of Brookdale Senior Living Inc. (BKD) plummeted 5.57% on Wednesday after the company reported disappointing third-quarter results and received a bearish analyst report, raising concerns about its financial outlook and growth prospects.
The senior living facilities operator posted an adjusted loss of $0.22 per share for the quarter ended September 30, missing analysts' expectations of a $0.17 loss per share. Revenue of $784.17 million also narrowly missed estimates of $784.23 million, reflecting a 3.5% year-over-year increase.
Brookdale reported a quarterly net loss of $50.72 million, with analysts revising down earnings estimates by nearly 12% over the last three months. One analyst also issued a negative revision to earnings estimates in the last 30 days, reflecting growing pessimism around the company's financial performance.
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