Community Health Systems Shares Drop On Earnings Miss

By Wallace WitkowskiMarketsMarketWatch Pulse

Community Health Systems Inc. shares dropped in the extended session Tuesday after the hospital operator's earnings fell well below Wall Street estimates. Community Health Systems shares dropped 13% to $10.60 after hours. The company reported adjusted second-quarter earnings of 9 cents on revenue of $4.59 billion. Analysts surveyed by FactSet had estimated earnings of 56 cents a share on revenue of $4.54 billion.

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