Published on 7 Nov 2022 on Zacks via Yahoo Finance
Why Is Community Health (CYH) Up 27.8% Despite Q3 Earnings Miss?
Community Health Systems, Inc.’s CYH shares have jumped 27.8% since it reported its third-quarter earnings on Oct 26, 2022. Despite reporting weak third-quarter results, investors were likely impressed by the company’s cost-containment efforts in the face of inflation, which brought down its cost of supplies. Further, the company stuck to its previous guidance, despite taking a hit from Hurricane Ian in the third quarter, showing resilience.
Let’s delve deeper.
Q3 Performance