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Community Health Systems: Q2 Earnings Snapshot
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FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Wednesday reported second-quarter net income of $70 million.

The Franklin, Tennessee-based company said it had net income of 51 cents per share. Losses, adjusted for one-time gains and costs, were 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The operator of accute care hospitals posted revenue of $2.83 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $2.9 billion.

Community Health Systems expects a full-year loss of $1.25 to $1.10 per share, with revenue in the range of $11.4 billion to $11.6 billion.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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