FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Wednesday reported a loss of $86 million in its third quarter.
The Franklin, Tennessee-based company said it had a loss of 63 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 48 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The operator of accute care hospitals posted revenue of $2.76 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $2.78 billion.
Community Health Systems expects a full-year loss of $1.70 to $1.60 per share, with revenue in the range of $11.3 billion to $11.5 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
