Community Health Q3 Earnings Miss on Lower Adjusted Admissions

Community Health Systems, Inc. (CYH) reported a third-quarter 2024 adjusted loss of 30 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 16 cents. However, the bottom line improved from the prior-year loss of 33 cents per share.Net operating revenues rose 0.1% year over year to $3.1 billion in the quarter under review. The top line beat the consensus mark by a whisker.The quarterly earnings suffered from lower admissions, patient days, and higher salaries and benefits expenses. ...