×

UPDATE 1-Community Health revenue falls, trims full-year forecast

(Adds details on admissions and hurricane impact)

Nov 1 (Reuters) - Hospital operator Community Health Systems Inc reported a 16 percent fall in quarterly revenue and trimmed its full-year revenue forecast, hurt by the impact of recent hurricanes and weak patient volumes.

The company slashed full-year forecast of its net operating revenue less provision for bad debts to $15.80 billion to $15.90 billion, from a previous range of $15.85 billion to $16.05 billion.

Net loss attributable to the company widened to $110 million, or 98 cents per share, in the third quarter ended Sept. 30, from $79 million, or 71 cents per share, a year earlier.

While adjusted admissions fell 15.5 percent in the reported quarter, the for-profit hospital operator said it also incurred a loss of about $40 million due to Hurricanes Harvey and Irma.

The company said net operating revenue fell about 16 percent to $3.67 billion.

Shares of Community Health were down 9 percent at $4.95 after market. (Reporting by Divya Grover in Bengaluru; Editing by Arun Koyyur and Shounak Dasgupta)