Stock Track | Community Health Systems Plunges Over 5% Pre-Market on Wider Q3 Loss, Weak Revenue

Stock Track

Oct 24, 2024

Shares of Community Health Systems (CYH) plunged over 5% in pre-market trading on Wednesday after the hospital operator reported a wider loss for the third quarter and weak revenue growth.

The company reported an adjusted loss of $0.30 per share for the quarter ended September 30, larger than the $0.33 loss in the same period last year. Revenue rose a mere 0.1% year-over-year to $3.09 billion, narrowly beating Wall Street's expectations of $3.08 billion.

Community Health Systems' disappointing results missed analysts' estimates and appear to have sparked the pre-market sell-off. In a report following the earnings release, Truist Financial analyst David S. Macdonald maintained a Hold rating on the stock, likely reflecting concerns over the company's performance.

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Revenue rose a mere 0.1% year-over-year to $3.09 billion, narrowly beating Wall Street's expectations of $3.08 billion.</p>\n\n<p>Community Health Systems' disappointing results missed analysts' estimates and appear to have sparked the pre-market sell-off. In a report following the earnings release, Truist Financial analyst David S. Macdonald maintained a Hold rating on the stock, likely reflecting concerns over the company's performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CYH","symbol_name":"Community Health Systems Inc","start_time":0,"source_url":"","article_id":"1176579785","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176579785","pubTimestamp":1729773521,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Community Health Systems  plunged over 5% in pre-market trading on Wednesday after the hospital operator reported a wider loss for the third quarter and weak revenue growth.The company reported an adjusted loss of $0.30 per share for the quarter ended September 30, larger than the $0.33 loss in the same period last year. 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