Why Community Health Systems Stock Is Crushing It Today
Shares of Community Health Systems (NYSE: CYH) were soaring 31.2% higher as of 11:16 a.m. EST on Thursday. The huge jump came after the hospital operator announced its 2019 fourth-quarter and full-year results following the market close on Wednesday.
Community Health reported Q4 net operating revenue of $3.286 billion, topping the consensus Wall Street estimate of $3.18 billion. The company posted adjusted earnings per share of $0.40, well above the average analysts' estimate of an adjusted net loss of $0.46 per share in Q4.
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Source Fool.com
