Community Health Systems (CYH) Reports Q1 Loss Per Share of $1.59
Community Health Systems (NYSE: CYH) reported Q1 EPS of ($1.59), may not compare to the analyst estimate of ($0.58). Revenue for the quarter came in at $3.03 billion versus the consensus estimate of $3.17 billion.
- As previously announced in a Current Report on Form 8-K filed by the Company on April 6, 2020 (the “April 6 Form 8-K”), the Company is not able to fully quantify the impact that COVID-19 will have on its financial results during 2020, but expects developments related to COVID-19 to materially affect the Company’s financial performance in 2020. Moreover, as a result of the continuously changing and unpredictable environment related to COVID-19, as disclosed in the April 6 Form 8-K, the Company withdrew its 2020 financial guidance previously issued in its earnings release dated February 19, 2020 and is not providing further guidance in this earnings release.
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