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Stock impact report

Diversicare Announces 2018 Second Quarter Results

DIVERSICARE HLTHCARE SVCS (DVCR) 
US:NASDAQ Investor Relations: dvcr.com/investor-relations-2
Company Research Source: GlobeNewswire
BRENTWOOD, Tenn., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Diversicare Healthcare Services, Inc. (NASDAQ: DVCR), a premier provider of long-term care services, today announced its results for the second quarter ended June 30, 2018. On July 26, 2018, the Board of Directors declared a quarterly dividend of $0.055 per common share payable to shareholders of record as of September 30, 2018, to be paid on October 16, 2018. Second Quarter 2018 Highlights Under the new Accounting Standard Codification ("ASC") 606, net revenue was $141.1 million in the second quarter of 2018. In accordance with ASC 606, revenue for the second quarter of 2017 was not restated.  Revenue for the second quarter of 2018 under legacy GAAP was $144.5 million, compared to $142.6 million in the second quarter of 2017, an increase of $1.9 million or 1.3%. Net loss from continuing operations was ($0.3) million, or ($0.05) per share, in the second quarter of 2018, compared to net income from continuing operations of $0.4 Show less Read more
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