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Community Health Systems, Inc. Q1 Loss decreases, but misses estimates

Community Health Systems, Inc. (CYH) reported Loss for first quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings totaled -$41 million, or -$0.32 per share. This compares with -$51 million, or -$0.40 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $3.140 billion from $3.108 billion last year.

Community Health Systems, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$41 Mln. vs. -$51 Mln. last year.
-EPS (Q1): -$0.32 vs. -$0.40 last year.
-Revenue (Q1): $3.140 Bln vs. $3.108 Bln last year.

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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