FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Wednesday reported fourth-quarter net income of $110 million.
On a per-share basis, the Franklin, Tennessee-based company said it had profit of 81 cents. Earnings, adjusted for asset impairment gains, were less than 1 cent on a per-share basis.
The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The operator of accute care hospitals posted revenue of $3.11 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.14 billion.
For the year, the company reported profit of $509 million, or $3.77 per share. Revenue was reported as $12.49 billion.
Community Health Systems expects full-year revenue in the range of $11.6 billion to $12 billion.
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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
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