Community Health Systems, Inc. Q3 Loss Increases, Misses Estimates

Community Health Systems, Inc. (CYH) announced Loss for its third quarter that increased from last year and missed the Street estimates.

The company's bottom line came in at -$391 million, or -$2.95 per share. This compares with -$91 million, or -$0.69 per share, in last year's third quarter.

Excluding items, Community Health Systems, Inc. reported adjusted earnings of -$0.30 per share for the period.

Analysts on average had expected the company to earn -$0.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to $3.090 billion from $3.086 billion last year.

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

-Earnings (Q3): -$391 Mln. vs. -$91 Mln. last year.
-EPS (Q3): -$2.95 vs. -$0.69 last year.
-Revenue (Q3): $3.090 Bln vs. $3.086 Bln last year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com