Community Health Systems (NYSE: CYH) reported Q2 EPS of $1.14, $0.25 better than the analyst estimate of $0.89. Revenue for the quarter came in at $4.88 billion versus the consensus estimate of $5.02 billion.

Community Health Systems sees FY2015 EPS of $3.65-$4.10, versus the consensus of $4.01. Community Health Systems sees FY2015 revenue of $19.6-20.30 million, versus the consensus of $20.20 million.

Community Health Systems also announced today that it plans to create a new publicly traded hospital company by spinning off to Community Health Systems stockholders a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting business. The new company will be named Quorum Health Corporation to leverage the existing strength of the Quorum brand. The spin-off is intended to be tax-free to Community Health Systems and its stockholders and is expected to be completed in the first quarter of 2016.

For earnings history and earnings-related data on Community Health Systems (CYH) click here.