Community Health (CYH) Q1 Earnings Top on Better Occupancy Rates

Community Health Systems, Inc. (CYH) reported first-quarter 2024 adjusted loss of 14 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 19 cents. The bottom line also improved from the prior year's loss of 43 cents per share.Net operating revenues rose 1% year over year to $3.14 billion in the quarter under review. The top line beat the consensus mark by 1.5%.The strong quarterly results benefited from improved occupancy rates, reimbursement rates and lower contract labor and ...