Community Health Sys Q2 2024 Adj EPS $(0.17) Misses $(0.12) Estimate, Sales $3.140B Beat $3.084B Estimate
Portfolio Pulse from Benzinga Newsdesk
Community Health Systems (NYSE: CYH) reported a Q2 2024 adjusted EPS of $(0.17), missing the $(0.12) estimate, but achieved sales of $3.140 billion, beating the $3.084 billion estimate.
July 24, 2024 | 8:17 pm
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NEGATIVE IMPACT
Community Health Systems reported a Q2 2024 adjusted EPS of $(0.17), missing the $(0.12) estimate by 41.67%. However, sales of $3.140 billion beat the $3.084 billion estimate by 1.82%.
The significant miss on EPS is likely to have a negative short-term impact on CYH's stock price despite the slight beat on sales. Investors may focus more on the earnings miss, which was 41.67% below estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100