Community Health Systems, Inc. Q2 Loss Decreases, But Misses Estimates

Community Health Systems, Inc. (CYH) released Loss for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled -$13 million, or -$0.10 per share. This compares with -$38 million, or -$0.29 per share, in last year's second quarter.

Excluding items, Community Health Systems, Inc. reported adjusted earnings of -$0.17 per share for the period.

Analysts on average had expected the company to earn -$0.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $3.14 billion from $3.12 billion last year.

Community Health Systems, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$13 Mln. vs. -$38 Mln. last year.
-EPS (Q2): -$0.10 vs. -$0.29 last year.
-Revenue (Q2): $3.14 Bln vs. $3.12 Bln last year.

by RTTNews Staff Writer

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