- Community Health quarterly revenue falls 16%
FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Wednesday reported a loss of $110 million in its third quarter.
On a per-share basis, the Franklin, Tennessee-based company said it had a loss of 98 cents. Losses, adjusted for one-time gains and costs, were 77 cents per share.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The operator of accute care hospitals posted revenue of $3.67 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $3.72 billion.
Community Health Systems expects a full-year loss of $1.30 to $1.20 per share.
No comments:
Post a Comment