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Assisted Living Concepts Inc. (NYSE:ALC) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Assisted Living Concepts Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 3.19% to $56.98 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Assisted Living Concepts Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate of $54.17 million.
Quoting Management: “In the fourth quarter of 2012, we increased our number of units rented by 131, a significant improvement from recent history,” commented Dr. Charles “Chip” Roadman, our President and Chief Executive Officer. “Our continued progress in the regulatory arena combined with quality initiatives were instrumental measures in attaining this improvement.”
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