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Community Health Systems: 3Q Earnings Snapshot

·1 min read

FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Tuesday reported third-quarter net income of $112 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Franklin, Tennessee-based company said it had net income of 97 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The operator of accute care hospitals posted revenue of $3.13 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.95 billion.

In the final minutes of trading on Tuesday, the company's shares hit $4.39. A year ago, they were trading at $4.60.

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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