CYH - Community Health Systems up 19% after hours on 2023 guidance Q4 bottom line beat

• Community Health Systems ( NYSE: CYH ) is up 19% in after hours trading after the hospital operator reported 2023 guidance that included non-GAAP EPS range that included the consensus and a Q4 2022 bottom line beat.
• For 2023, Community Health ( CYH ) expects diluted EPS between -$0.65 and -$0.05 (consensus -$0.30). Net operating revenues of $12.2B-$12.6B is just below the consensus of $12.73B.
• In Q4 2022, net income increased ~133% to $414M ($3.18 per share diluted vs. $1.34) compared to the prior-year period.
• Revenue of $3.14B barely missed expectations .
• Community Health ( CYH ) ended 2022 with cash and cash equivalents of $118M compared to $507M at the end of 2021.
• Read why Seeking Alpha contributor Zach Bristow thinks Community Health ( CYH ) could face stagnating growth this year .

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