FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Wednesday reported a loss of $373 million in its fourth quarter.
The Franklin, Tennessee-based company said it had a loss of $3.27 per share. Earnings, adjusted for pretax expenses and non-recurring costs, were 40 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
The operator of accute care hospitals posted revenue of $3.29 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.19 billion.
For the year, the company reported that its loss narrowed to $675 million, or $5.93 per share. Revenue was reported as $13.21 billion.
Community Health Systems expects a full-year loss of $1.30 to 60 cents per share, with revenue in the range of $12.4 billion to $12.8 billion.
In the final minutes of trading on Wednesday, the company’s shares hit $4.80. A year ago, they were trading at $3.98.
_____
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
Please read our comment policy before commenting.