FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Wednesday reported a loss of $41 million in its first quarter.
The Franklin, Tennessee-based company said it had a loss of 32 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The operator of accute care hospitals posted revenue of $3.14 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.09 billion.
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