Why Community Health Systems (CYH) Stock Is Tanking Today

Community Health Systems (NYSE:CYH) is plummeting today.

Community Health SystemsThe decline comes in light of HCA Holdings‘ (NYSE:HCA) warning regarding its third quarter. The health care company expects earnings of $1.17 a share for the quarter.

This figure is below the analyst consensus estimate of $1.22 a share. HCA Holdings expects revenue to grow 6.9% year over year to $9.86 billion for the quarter, compared to analysts’ estimates of $9.85 billion.

Roughly 3.3 million shares of Community Health Systems were traded by 11:38 a.m. Thursday, exceeding the hospital operator’s average trading volume of about 1.7 million shares a day.

CYH stock is down 36.4% Thursday. HCA stock is down 7.5%

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Article printed from InvestorPlace Media, https://investorplace.com/2015/10/community-health-systems-cyh/.

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