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Community Health Systems: 1Q Earnings Snapshot

FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Tuesday reported first-quarter net income of $18 million, after reporting a loss in the same period a year earlier.

The Franklin, Tennessee-based company said it had profit of 15 cents per share. Losses, adjusted for one-time gains and costs, were $1.59 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.

The operator of accute care hospitals posted revenue of $3.03 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $3.18 billion.

In the final minutes of trading on Tuesday, the company's shares hit $3.64. A year ago, they were trading at $3.62.


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