- Associated Press - Wednesday, February 20, 2019

FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Wednesday reported a loss of $328 million in its fourth quarter.

On a per-share basis, the Franklin, Tennessee-based company said it had a loss of $2.91. Losses, adjusted for asset impairment costs and pretax expenses, came to 42 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The operator of accute care hospitals posted revenue of $3.45 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $3.39 billion.

For the year, the company reported that its loss narrowed to $788 million, or $6.99 per share. Revenue was reported as $14.16 billion.

In the final minutes of trading on Wednesday, the company’s shares hit $4.08. A year ago, they were trading at $5.87.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CYH at https://www.zacks.com/ap/CYH

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide