FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Thursday reported third-quarter profit of $130 million.
The Franklin, Tennessee-based company said it had net income of 96 cents per share. Earnings, adjusted to extinguish debt and for asset impairment costs, were $1.27 per share.
The results surpassed Wall Street expectations. 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 $3.09 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.99 billion.
Community Health Systems expects full-year earnings to be 80 cents to 90 cents per share, with revenue in the range of $12.4 billion to $12.6 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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