Genesis HealthCare Q2 Loss Narrows

(RTTNews) - Genesis HealthCare, Inc. (GEN) reported a net loss for the second quarter of $19.2 million or $0.22 per share, compared to a net loss of $32.3 million or $0.65 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $15.8 million or $0.14 per share

Net revenue for the second quarter rose to $1.42 billion from $1.20 billion a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.09 per share on revenue of $1.43 billion for the second quarter. Analysts' estimates typically exclude special items.

The company reaffirmed its previously announced 2015 adjusted EBITDAR guidance of $755.0 million to $770.0 million and adjusted EBITDA of $267.6 million to $282.6 million. In connection with further refinement to projected depreciation and amortization expense, the company raised its 2015 earnings from continuing operations guidance from $0.29 to $0.34 per share to a range of $0.34 to $0.39 per share.

Analysts currently expect the company to earn $0.31 per share for the full year 2015.