Community Health Systems (NYSE:CYH) released its first-quarter 2024 financial results, revealing key data. Revenue increased by 1.0% to US$3.14 billion compared to the same period last year. The net loss narrowed by 20% to US$41.0 million, with a loss per share of US$0.31, an improvement from the US$0.39 loss in the same period in 2023.
While revenue exceeded analyst estimates by 1.5%, earnings per share (EPS) fell short by 60%. Looking ahead, the company is forecasted to have an average annual revenue growth of 3.0% over the next three years, lower than the projected growth rate for the Healthcare industry in the US at 6.7%.
Despite positive performance of the American Healthcare industry, there are three warning signs that investors should be aware of before investing in Community Health Systems, including one significant one. Investors should conduct individual research before making investment decisions as this article is based on historical data and analyst forecasts and does not provide financial advice. Simply Wall St does not hold positions in any stocks mentioned in this article.
Community Health Systems (NYSE:CYH) reported its first-quarter 2024 financial results with key financial data.
The company’s revenue increased by 1.0% to US$3.14 billion compared to the first quarter of 2023.
The net loss narrowed by 20% to US$41.0 million, with a loss per share of US$0.31, an improvement from US$
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