FRANKLIN, Tenn. (AP) 鈥� FRANKLIN, Tenn. (AP) 鈥� Community Health Systems Inc. (CYH) on Tuesday reported a loss of $58 million in its first quarter.
On a per-share basis, the Franklin, Tennessee-based company said it had a loss of 43 cents. Losses, adjusted for non-recurring gains, came to 48 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The operator of accute care hospitals posted revenue of $2.97 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $3 billion.
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