Community Health Systems Shares Drop After Earnings Miss

By Wallace WitkowskiMarketsMarketWatch Pulse

Community Health Systems Inc. shares dropped in the extended session Monday after the hospital operator's quarterly earnings fell well short of Wall Street estimates. Community Health shares fell 7.9% to $14.50 after hours. The company reported adjusted net income from continuing operations of 27 cents a share on revenue of $5 billion. Analysts surveyed by FactSet had forecast earnings of 74 cents a share on revenue of $4.99 billion.

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