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Stock impact report

Community Health Systems (CYH) Up 9.2% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]

Community Health Systems, Inc. (CYH) 
Last community health systems, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: chs.net/investor-relations
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Community Health Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Community Health Q1 Earnings Top on Better Occupancy Rates Community Health reported first-quarter 2024 adjusted loss of 14 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 19 cents. The bottom line also improved from the prior year's loss of 43 cents per share. Net operating revenues rose 1% year over year to $3.14 billion in the quarter under review. The top line beat the consensus mark by 1.5%. The strong quarterly results benefited from improved occupancy rates, reimbursement rates and lower contract labor and supplies expenses. However, declining admissions and patient days partially offset the positives. Quarterly Ope Show less Read more
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