FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Wednesday reported second-quarter profit of $282 million.
On a per-share basis, the Franklin, Tennessee-based company said it had net income of $2.09. Losses, adjusted for asset impairment gains and to extinguish debt, came to 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The operator of accute care hospitals posted revenue of $3.13 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $3.04 billion.
Community Health Systems expects a full-year loss of 40 cents to 10 cents per share, with revenue in the range of $12.3 billion to $12.6 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
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