Community Health Systems Q4 Loss Widens

(RTTNews) - Community Health Systems, Inc. (CYH) Tuesday reported fourth-quarter net loss of $2.01 billion or $17.98 per share, compared to last year's loss of $220 million or $1.99 per share last year.

Loss from continuing operations for the quarter was $0.25 per share, compared to income of $0.46 per share last year. On average, 18 analysts polled by Thomson Reuters expected the company to report loss per share of $0.34 for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues for the quarter dropped 31.6 percent to $3.059 billion from $4.469 billion. Analysts expected revenue of $3.53 billion for the quarter.