Loading…
Sunday, November 23, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 9/29/2005

Manor Care to restate result for first quarter upward

Manor Care Inc. notified the U.S. Securities and Exchange Commission yesterday that it will restate its first-quarter 2005 profit upward by $9.1 million, or 10 cents a share, because its independent accounting firm advised changing its method of accounting for stock-based compensation for key employees.

The Toledo company, the nation's largest nursing-home operator, said its restated profit is $40.4 million, or 46 cents a share, up from $31.2 million, or 36 cents a share. The firm also restated its second-quarter profit upward by a much smaller amount, $136,000, to $38.1 million, but the per-share earnings remain at 43 cents.

The firm's stock closed 5 cents higher yesterday at $38.24 a share on the New York Stock Exchange.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.








Poll