Community Health Systems Q2 Profit Plunges; Cuts FY13 Outlook - Quick Facts

(RTTNews) - Community Health Systems, Inc. (CYH) Monday reported second-quarter net income attributable to stockholders of $29.8 million or $0.32 per share, compared to $83.4 million or $0.93 per share in the same period last year.

Income from continuing operations decreased to $47.1 million or $0.32 per share from $102.2 million or $0.93 per share last year. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues declined 0.2 percent to $3.236 billion from $3.243 billion last year, while seventeen analysts expected revenues of $3.29 billion.

For the third quarter, the company expects income from continuing operations of $0.60 per share to $0.75 per share. Analysts currently expect third quarter earnings of $0.77 per share.

Looking ahead to the fiscal year 2013, the company currently projects earnings in the range of $2.95 to $3.25 per share, with revenues ranging between $13.00 billion to $13.40 billion.

Earlier, the company expected earnings in the range of $3.50 to $3.80 per share, with revenues ranging between $13.30 billion to $13.60 billion.

Analysts, based on consensus, currently expect the company to report full-year earnings of $2.98 per share on revenues of $13.29 billion.