Community Health Systems, Inc. CYH reported adjusted loss of 25 cents per share in the second quarter of 2017, which was narrower than the Zacks Consensus Estimate of a loss of 26 cents.Net loss attributable to the common stockholders was $137 million or $1.22 per diluted share, narrower than the net loss of $1.432 billion or $12.91 per share incurred in the year-ago quarterQuarterly Operational UpdateIn the second quarter, net operating revenue of $4.14 billion surpassed the Zacks Consensus Estimate by 2.5% but decreased 9.7% year over year. On a same-store basis, net operating revenue decreased 0.7% during the three months ended Jun 30, 2017, year over year.The second quarter witnessed a 10.8% decrease in total admissions and an 11.2% fall in total adjusted admissions, year over year. On a same-store basis, both admissions and adjusted admissions decreased 2.5% from the year-ago quarter.In the reported quarter, total operating expenses declined 32% to $4 billion, primarily due to lower salaries and benefits paid to employees, supplies, depreciation & amortization-related expenses and other operating costs.Community Health Systems, Inc. Price, Consensus and EPS Surprise Community Health Systems, Inc. Price, Consensus and EPS Surprise | Community Health Systems, Inc. QuoteFinancial UpdateAs of Jun 30, 2017, the company’s total assets declined 5% from year-end 2016 to $20.8 billion. Cash and cash equivalents grew over 200% to $768 million from year-end 2016.The company paid off a substantial portion of its debt through divestures. It had long-term debt of $14.7 billion as of Jun 30, 2017, down 0.6% year over year.Total shareholders’ equity was $1.4 billion as of Jun 30, 2017, down 19.4% from year-end 2016.Cash flow from operations was $503 million at the end of the second quarter, down 20.4% year over year.2017 GuidanceCommunity Health expects net operating revenue (less provision for bad debts) in the range of $15.85 billion to $16.05 billion.The company projects adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for 2017 in the range of $1.825–$2 billion.Weighted-average diluted shares are expected in the band of $112–$113 million.Zacks Rank and Performance of Other InsurersCommunity Health presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among the other firms in the medical sector that have reported second-quarter earnings so far, the bottom lines of Centene Corp. CNC, Anthem Inc ANTM and UnitedHealth Group Inc. UNH beat their respective Zacks Consensus Estimate.More Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>> (We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.)Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report Community Health Systems, Inc. (CYH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research