FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Monday reported a loss of $325 million in its third quarter.
On a per-share basis, the Franklin, Tennessee-based company said it had a loss of $2.88. Losses, adjusted for asset impairment costs and pretax expenses, came to $1.64 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1 per share.
The operator of accute care hospitals posted revenue of $3.45 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $3.36 billion.
Community Health Systems expects a full-year loss of $2.25 to $2.10 per share, with revenue in the range of $14 billion to $14.2 billion.
In the final minutes of trading on Monday, the company's shares hit $3.17. A year ago, they were trading at $5.85.
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