FRANKLIN, Tenn. (AP) _ Community Health Systems Inc. (CYH) on Wednesday reported a first-quarter loss of $64 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Franklin, Tennessee-based company said it had a loss of 51 cents. Earnings, adjusted to extinguish debt and for asset impairment costs, came to 36 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The operator of accute care hospitals posted revenue of $3.01 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.97 billion.
Community Health Systems shares have risen 42% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.55, nearly tripling in the last 12 months.
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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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