is this up over 2.50 when the earnings weren't all that great? (NYSE: CYH) earnings dropped $38.6 million in the fourth quarter compared to one year ago. CHS reported earnings of $30.9 million, or 35 cents per share, on revenue of $3.4 billion. Earnings were impacted by an after-tax charge of $42 million from the early repayment of debt. Excluding the charge for repaying the senior notes early, the company said it earned 85 cents a share from continuing operations. Analysts, on average, had anticipated earnings of 87 cents per share on revenue of $3.6 billion.
For the year, CHS reported net income of $201.9 million and operating revenue of $13.6 billion. By comparison, the company reported $279.9 million in net income and $12.6 billion in revenue for 2010.
Am I missing something? This has to be either short covering or something, because this should not be up at, never mind up this much. They lost money people-that is not to be applauded.