May 1 Community Health Systems Inc reported a quarterly loss, compared with a year-ago profit, largely due to a charge related to its sale of businesses.
The for-profit U.S. hospital operator said its net loss available to shareholders was $199 million, or $1.79 per share, compared with a net profit of $11 million, or 10 cents per share, a year earlier.
Excluding items, the company earned 7 cents per share.
Net operating revenue fell 10.3 percent to $4.49 billion.
Community Health has been looking to turn its business around by selling off some of its assets in the past few months to ease its debt load. (Reporting by Ankur Banerjee and Sweta Singh in Bengaluru; Editing by Maju Samuel)
Morning News Call - India, May 26
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05262017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:00 am: Container Corporation earnings conference call in New Delhi. 5:00 pm: RBI to release weekly foreign exchange data in Mumbai. GMF: LIVECHAT - OPEC REVIEW Gavin Maguire,
U.S. court fines UPS $247 mln over illegal cigarette shipments
May 25 A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for "illegally shipping" large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.