KENNETT SQUARE, Pa. (AP) _ Genesis Healthcare Inc. (GEN) on Monday reported a loss of $11.4 million in its fourth quarter.
The Kennett Square, Pennsylvania-based company said it had a loss of 10 cents per share.
The operator of nursing homes and senior living communities posted revenue of $1.14 billion in the period.
For the year, the company reported net income of $14.6 million, or 10 cents per share, swinging to a profit in the period. Revenue was reported as $4.57 billion.
In the final minutes of trading on Monday, the company's shares hit 95 cents. A year ago, they were trading at $1.36.
Steelworkers Union Calls for Worker Support and Protection During COVID-19
Bastrop County issues disaster declaration, bans gatherings of 50 or more
Advisor News
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
More Advisor NewsAnnuity News
- A client remarried: Does their annuity still fit?
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
More Annuity NewsHealth/Employee Benefits News
Life Insurance News