1.15%XLF 21.35 0.19%QQQQ 46.12 2.10%
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MCLEAN, Va. - Sunrise Senior Living Inc.'s first-quarter revenue under management rose 11 percent as the company opened new facilities and increased occupancy rates, the nursing home operator said Thursday.
| SRZ | 20.69 |  0.51 |
Sunrise did not release quarterly results because it is still restating results from 2007 after an accounting review found errors. In March, the company completed a restatement of results from 1996 through 2005 that reduced earnings by $173 million.
Sunrise plans to file the delinquent statements by July 31, a deadline it must meet to maintain compliance with the terms of its lending agreements.
Revenue under management rose to $625 million from $565 million last year. The measure refers to revenue from company-owned communities and ones where Sunrise has an operating contract but no ownership.
Sunrise shares rose 44 cents to $22.63 in early trading.
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