Search This Blog

Tuesday, April 28, 2020

Community Health Systems Q1 cash flow ops down 57% as struggles continue

Community Health Systems (NYSE:CYH) Q1 results:
Revenues: $3,025M (-19.4%).
Net income: $18M (+115.3%); EPS: $0.15 (+114.4%).
Non-GAAP EBITDA: $309M (-21.0%).
Cash flow ops: $57M (-57.1%).
In April, it received ~$245M through the Public Health Social Services Emergency Fund and ~$1.2B via the Medicare Accelerated and Advance Payment Program.
2020 guidance withdrawn.
Shares up 5% after hours.
https://seekingalpha.com/news/3565613-community-health-systems-q1-cash-flow-ops-down-57-struggles-continue

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.