|
|
Article: Sunrise Reports 29 Percent EPS Growth to Record $0.63 Per Share for Third-Quarter 2002.
- Article from:
- PR Newswire
- Article date:
- November 7, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Resident Capacity Up 15 Percent; Revenues Under Management Grew 21 Percent; Same-Store EBITDA Up 6.2 Percent; Debt Decreased by $122 Million; Repurchased $15 Million of Stock
Sunrise Assisted Living, Inc. , today reported third-quarter 2002 earnings per share of $0.63 (diluted). The results exceeded the high end of the Company's guidance and the consensus estimate by $0.01 per share. Third-quarter 2002 performance was driven by higher management services income due to a 21 percent increase in revenues under management, strong property level operating performance for Sunrise's owned and consolidated communities including same-store EBITDA (earnings before ...