Community Health Systems Reports Third Quarter Earnings Miss on Revenue and EPS
Community Health Systems (CYH) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of -$0.48, missing estimates by $0.16. Total revenue for the quarter reached $2.75 billion, representing an 11% decline year-over-year and falling $50 million below analyst projections. Despite the misses in top and bottom-line figures, the company reported adjusted EBITDA of $280 million. Net cash provided by operating activities for the three-month period totaled $155 million as the healthcare provider navigates shifting financial performance.
Topics: cash flow earnings miss EBITDA revenue decline