Community Health Systems (CYH) Misses Q2 EPS by 24c, Beats on Revenues; Offers FY17 Revenue Guidance

Community Health Systems (NYSE: CYH) reported Q2 EPS of ($0.25), $0.24 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $4.14 billion versus the consensus estimate of $4.11 billion

The following highlights the financial and operating results for the three months ended June 30, 2017, that are further discussed below:

• Net operating revenues totaled $4.144 billion.
• Net loss attributable to Community Health Systems, Inc. common stockholders was $(137) million, or $(1.22) per share (diluted), compared with net loss of $(1.432) billion, or $(12.91) per share (diluted) for the same period in 2016.
• Adjusted EBITDA was $435 million.
• Loss from continuing operations attributable to Community Health Systems, Inc. common stockholders was $(1.17) per share (diluted).
• Adjusted for certain items discussed below, loss from continuing operations attributable to Community Health Systems, Inc. common stockholders was $(0.25) per share (diluted).
• Cash flow from operations was $261 million, compared with $338 million for the same period in 2016, representing a 22.8 percent decrease.
• On a same-store basis, both admissions and adjusted admissions decreased 2.5 percent, compared with the same period in 2016.

GUIDANCE:

Community Health Systems sees FY2017 revenue of $15.85-16.05 billion, versus the consensus of $16.01 billion.

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

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• FedEx (FDX) Tops Q4 EPS by 39c, Beats on Revenue; Offers FY27 EPS Guidance
• RBC initiates GE HealthCare as it sees AI-led innovation cycle driving growth