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Brookdale Shares Tank on Weak Earnings

Brookdale's loss of $0.23 a share was wider than analysts were expecting for the period.
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Retirement community operator Brookdale Senior Living  (BKD) - Get Brookdale Senior Living Inc. Report   shares tanked Tuesday following the release of its disappointing third-quarter financial results. The company reported a net loss of $0.28 a share, well below the $0.10 loss analysts were expecting for the period. Revenue of $1.25 billion was also just below Wall Street's expectations of $1.26 billion. For the full year, Brookdale expects to report revenue between $4.15 billion and $4.20 billion, down from its previous expectations between $4.20 billion and $4.30 billion.

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