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Actionable news in CYH: COMMUNITY HEALTH SYSTEMS Inc,

Community Health Systems Rocked on Lower Guidance, Hospital Woes Continue

Community Health Systems Inc. (NYSE: CYH) is showing that the weakness in hospital and medical care facilities may not be over. Its preliminary financial and operating guidance has bushwhacked its shares on Thursday.

Net operating revenues for the third quarter of 2015 will be approximately $4.846 billion. This would be against revenues of $4.780 billion for the same period in 2014, and versus the $4.99 billion consensus estimate from Thomson Reuters.

Income from continuing operations for the three months ended September 30, 2015, excluding expenses from the planned spin-off of Quorum Health, is expected to be $0.56 per share (diluted), compared with $1.01 per share (diluted) for the three months ended September 30, 2014. Thomson Reuters has the consensus analyst estimate at $0.88 in earnings per share.

Income...


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