Omega Healthcare Investors Earnings: Here’s Why the Stock is Down Now
Omega Healthcare Investors Inc. (NYSE:OHI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.06%.
Omega Healthcare Investors Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.98% to $0.62 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 19.5% to $102.52 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Omega Healthcare Investors Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $99.11 million.
Key Stats (on next page)…