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Wednesday, November 1, 2017

=Community Health (CYH) reported earnings on Wed 1 Nov 2017 (a/h)

  • 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.

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