Market Overview

Community Health Systems: Q3 Earnings Insights

Share:

Shares of Community Health Systems (NYSE:CYH) rose 9.3% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 162.07% over the past year to $0.18, which beat the estimate of ($0.16).

Revenue of $3,126,000,000 declined by 3.70% year over year, which beat the estimate of $2,900,000,000.

Looking Ahead

Community Health Systems hasn't issued any earnings guidance for the time being.

Community Health Systems hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $7.47

Company's 52-week low was at $2.25

Price action over last quarter: Up 5.11%

Company Description

Community Health Systems is the largest publicly owned hospital operator in the United States. The company owns or leases over 100 general acute-care hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.

 

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Posted-In: Earnings