Community Health Systems (CYH) Tops Q2 EPS by $1.47

Community Health Systems (NYSE: CYH) reported Q2 EPS of $0.85, $1.47 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.64 billion.

• The Company previously announced in the Current Report on Form 8-K filed by the Company on April 6, 2020 (the “April 6 Form 8-K”), that it was withdrawing its 2020 financial guidance issued in its earnings release dated February 19, 2020. Consistent with disclosures made by the Company in the April 6 Form 8-K and in the Company’s earnings release for the first quarter filed on April 28, 2020, the Company is not able to fully quantify the impact that the COVID-19 pandemic will have on its financial results during 2020, but expects developments related to the COVID-19 pandemic, including the CARES Act and PPPHCE Act as further discussed below, to materially affect the Company’s financial performance in 2020. Moreover, as a result of the continuously changing and unpredictable environment related to the COVID-19 pandemic, the Company is not providing guidance in this earnings release.

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

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