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FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Health Systems Inc. (CYH) on Tuesday reported fourth-quarter net income of $46 million.
On a per-share basis, the Franklin, Tennessee-based company said it had net income of 35 cents. Losses, adjusted for non-recurring gains, came to 41 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The operator of accute care hospitals posted revenue of $3.18 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.15 billion.
For the year, the company reported a loss of $133 million, or $1.02 per share. Revenue was reported as $12.49 billion.
Community Health Systems expects a full-year loss of 65 cents to 5 cents per share, with revenue in the range of $12.3 billion to $12.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CYH at https://www.zacks.com/ap/CYH