Loading...
•
Sep 30, 2022
CHS Q3 2022 Earnings Report
Community Health Systems' financial performance declined due to lower net operating revenues and increased expenses.
Key Takeaways
Community Health Systems reported a net operating revenue of $3.025 billion and a net loss of $42 million for the third quarter ended September 30, 2022. The results were impacted by Hurricane Ian, lower inpatient admissions, and continued expense pressures.
Net operating revenues totaled $3.025 billion.
Net loss attributable to Community Health Systems, Inc. stockholders was $(42) million, or $(0.32) per share (diluted).
Adjusted EBITDA was $400 million, including $115 million of pandemic relief funds.
Net cash provided by operating activities was $137 million.
Forward Guidance
The Company’s annual earnings guidance for 2022, as provided on July 27, 2022, is reaffirmed. The 2022 guidance is based on the Company’s historical operating performance, current trends and other assumptions the Company believes are reasonable at this time. Assumptions underlying the annual earnings guidance provided on July 27, 2022 are unchanged.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...