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Mid-Afternoon Market Update: Dow Tumbles Over 800 Points; Community Health Systems Shares Gain
Toward the end of trading Wednesday, the Dow traded down 3.02% to 26,632.47 while the NASDAQ fell 3.08% to 11,078.05. The S&P also fell, dropping 2.99% to 3,289.29.
Benzinga · 10h ago
Community Health's (CYH) Earnings Beat in Q3, Improve Y/Y
Community Health's (CYH) third-quarter earnings gain from lower costs. However, the same is offset to some extent due to soft admissions.
Zacks · 10h ago
TUP, CYH, ELY and EVBG among midday movers
Gainers: Miragen Therapeutics (MGEN) +126%.Titan Pharmaceuticals (TTNP) +42%.Tupperware Brands (TUP) +36%.Community Health Systems (CYH) +30%.Scholar Rock (SRRK) +26%.Applied UV (AUVI) +24%.Dragon Victory International (LYL) +23%.Astrotech (ASTC) +23%.Socket Mobile (SCKT) +21%.BiondVax Pharmaceuticals (BVXV)
Seekingalpha · 12h ago
Mid-Day Market Update: Crude Oil Dips 6%; Tupperware Brands Shares Gain Following Q3 Results
Midway through trading Wednesday, the Dow traded down 3.01% to 26,637 while the NASDAQ fell 3.09% to 11,078.18. The S&P also fell, dropping 2.93% to 3,291.23.
Benzinga · 12h ago
Miragen Therapeutics, Titan Pharmaceuticals leads healthcare gainers; Neovasc, Akerna among major losers
Gainers: Miragen Therapeutics MGEN +86%, Titan Pharmaceuticals TTNP +62%, Community Health Systems (CYH) +35%, Scholar Rock Holding (SRRK) +7%, Rafael Holdings (RFL) +7%.Losers: Neovasc NVCN -44%, Akerna KERN -19%, Tiziana Life Sciences (TLSA) -17%, Relmada Therapeutics (RLMD) -12%, Applied Therapeutics (APLT) -12%.
Seekingalpha · 13h ago
Why Community Health Systems Is Trading Higher Today
Community Health Systems (NYSE: CYH) shares are trading higher on Wednesday after the company reported third-quarter EPS of 18 cents and better-than-expected third-quarter sales results.
Benzinga · 14h ago
Mid-Morning Market Update: Markets Open Lower; General Electric Tops Q3 Views
Following the market opening Wednesday, the Dow traded down 1.68% to 27,001.52 while the NASDAQ fell 2.05% to 11,197.31. The S&P also fell, dropping 1.79% to 3,330.02.
Benzinga · 14h ago
Community Health Systems (CYH) Q3 Earnings and Revenues Beat Estimates
Community Health Systems (CYH) delivered earnings and revenue surprises of 80.00% and 5.92%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 1d ago
SRRK, SYNL, KTCC and SUM among after-hours movers
Gainers: [[SRRK]] +23.7%. [[SYNL]] +12.3%. [[CYH]] +11.6%. [[FSLR]] +8.8%. [[MSTR]] +7.1%.Losers: [[KTCC]] -12.8%. [[SUM]] -8.7%. [[RCUS]] -8.3%. [[BGFV]] -6.0%. [[APLT]] -5.8%.
Seekingalpha · 1d ago
Community Health Systems Q3 EPS $0.18 May Not Compare To $(0.16) Estimate, Sales $3.13B Beat $2.90B Estimate
Community Health Systems (NYSE:CYH) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $(0.16) by 212.5 percent. This is a 162.07 percent increase over losses of $(0.29) per share
Benzinga · 1d ago
Community Health Systems turns the corner, earnings up over seven-fold
Community Health Systems (CYH) Q3 results:Net revenues: $3,126M (-3.7%).Net income: $128M (+758.8%); EPS: $0.97 (+746.7%); non-GAAP EBITDA: $431M (+11.1%).Cash flow ops: $393M (+631.1%).Number of hospitals: 93 (103 a year ago).Admissions
Seekingalpha · 1d ago
Community Health Systems EPS beats by $0.29, beats on revenue
Community Health Systems (CYH): Q3 Non-GAAP EPS of $0.18 beats by $0.29; GAAP EPS of $0.97 beats by $1.24.Revenue of $3.13B (-3.7% Y/Y) beats by $220M.Shares +3.4%.Press Release
Seekingalpha · 1d ago
Community Health Systems, Inc. Announces That Wayne T. Smith Will Transition From Chief Executive Officer to Executive Chairman; Tim L. Hingtgen to Be Appointed Chief Executive Officer, Effective January 2021
Community Health Systems, Inc. (NYSE: CYH) announced today that Wayne T. Smith, the Company’s Chairman and Chief Executive Officer, will transition from Chief Executive Officer to Executive Chairman of the Board of Directors, effective January 1, 2021. Smith will retain certain strategic and other executive management responsibilities with regard to the future direction of the Company.
Business Wire · 1d ago
Notable Earnings Watchlist For Tuesday, Oct. 27, 2020 After Market Close: FEYE, TWOU, AKAM, MXIM, MSFT, VAR, FSLR, CB, FISV, TEX, CYH, CHRW, JNPR, AFL, CMRE, OI, RRD, MKSI, ACCO
List of notable earnings curated by Benzinga Pro Newsdesk team. Estimated times are based on previous report times.  FireEye (FEYE) - Expected to report at 4:00 p.m. EDT 2U (TWOU) - Expected to report at 4:00
Benzinga · 1d ago
Community Health Systems Completes Divestiture of Two Texas Hospitals
Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have completed the sale of two Texas hospitals – 231-bed Abilene Regional Medical Center in Abilene and 188-bed Brownwood Regional Medical Center in Brownwood and their associated assets – to subsidiaries of Hendrick Health System. The effective date of the transactions is October 27, 2020. With the divestitures completed, Community Health Systems affiliates continue to operate seven hospitals in Texas.
Business Wire · 2d ago
Community Health Systems Q3 2020 Earnings Preview
Community Health Systems (NYSE:CYH) is scheduled to announce Q3 earnings results on Tuesday, October 27th, after market close.The consensus EPS Estimate is -$0.11 (+62.1% Y/Y) and the consensus Revenue Estimate
Seekingalpha · 2d ago
Community Health Systems's Earnings: A Preview
On Tuesday, October 27, Community Health Systems (NYSE: CYH) will release its latest earnings report. Here is Benzinga's outlook for the company.What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.Earnings And Revenue Community Health Systems's per-share loss will be near $0.16 on sales of $2.90 billion, according to Wall Street analysts. Community Health Systems EPS in the same period a year ago totaled $0.29. Sales were $3.25 billion.Why Analyst Estimates And Earnings Surprises Are Important Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.View more earnings on CYHIf the company were to report earnings in line when it publishes results Tuesday, quarterly profit would be up 44.83%. Revenue would be down 10.66% from the year-ago period. Community Health Systems's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019 EPS Estimate -0.62 -0.58 -0.46 -0.59 EPS Actual 0.85 -1.59 0.40 -0.29 Revenue Estimate 2.65 B 3.17 B 3.18 B 3.14 B Revenue Actual 2.52 B 3.02 B 3.29 B 3.25 B Stock Performance For a full 12 months, the return has risen by 3.93%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.Do not be surprised to see the stock move on comments made during its conference call. Community Health Systems is scheduled to hold the call at 11:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * Earnings Outlook for Juniper Networks * Unum's Earnings: A Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 2d ago
Community Health Systems Completes Divestiture of San Angelo, Texas Hospital
Business Wire · 5d ago
Do Hedge Funds Love Community Health Systems (CYH)?
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
Insider Monkey · 10/16 14:57
Community Health Systems To Broadcast Third Quarter 2020 Conference Call Live On The Internet
FRANKLIN, Tenn., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Community Health Systems, Inc. (NYSE:CYH) today announced that it will provide an online Web simulcast and rebroadcast of its third quarter 2020 conference call.The Company will issue a press release announcing its results on Tuesday, October 27, 2020, after the regular close of trading. The conference call is scheduled to begin at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Wednesday, October 28, 2020. A live broadcast of the conference call will be available online at www.chs.net. To listen to the live call, please go to the web site at least 15 minutes early to register, download, and install any necessary audio software. The online replay will follow shortly after the call and continue for approximately 30 days.During this call, Community Health Systems will review the Company’s financial and operating results for the third quarter ended September 30, 2020.About Community Health Systems, Inc. Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country. The Company, through its subsidiaries, owns, leases or operates 92 affiliated hospitals in 16 states with an aggregate of approximately 15,000 licensed beds. The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” More information about the Company can be found on its website at www.chs.net. CONTACT: Investor Contacts: Kevin J. Hammons Executive Vice President and Chief Financial Officer 615-465-7000 or Ross W. Comeaux Vice President – Investor Relations 615-465-7012
GlobeNewswire · 10/13 16:00
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About CYH
Community Health Systems, Inc. is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. The Company also provides additional outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers.
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