Community Health Systems Shares Fall After Q1 Loss Widens, Revenue Falls

-- Community Health Systems (CYH) shares were down 15.5% after the company reported a wider Q1 adjusted net loss and lower revenue.

The company reported a Q1 adjusted net loss Wednesday of $0.48 per diluted share, widening from a loss of $0.03 a year earlier.

Analysts polled by FactSet expected a loss of $0.11.

Net operating revenue for the quarter ended March 31 was $2.97 billion, down from $3.16 billion a year earlier.

Analysts expected revenue of $2.95 billion.

Community Health reiterated its full-year 2026 guidance, projecting a net loss ranging from $0.60 per share to breakeven. Analysts surveyed by FactSet expect a net loss of $0.39. The company also reaffirmed net operating revenue guidance of $11.6 billion to $12 billion. Analysts expect $11.65 billion.

Price: $2.62, Change: $-0.48, Percent Change: -15.48%

South32 to Generate Strong Fourth-Quarter Cash Flow, Says Jefferies

South32 (ASX:S32) is poised to generate strong cash flow in the fourth quarter, helped by robust commodity prices and inventory sales, despite operational disruptions due to adverse weather conditions, Jefferies said in a note on Wednesday.The investment firm had previously expected some working capital unwind in the third quarter, but a higher impact is now expected in the June quarter due to strengthening commodity markets.The miner reported a 6% quarter-on-quarter decline in alumina production of 1.2 million tonnes, missing Jefferies' forecast of around 1.3 million tonnes. Its GEMCO sales, which beat market expectations, also came in roughly 2% below Jefferies' estimates.Analysts at the firm see risk in the Hermosa project timing and capital expenditure update ahead of the company's second-half review.Jefferies maintained a buy rating on South 32 and increased the price target to AU$5.25 from AU$5.20.

$ASX:S32

APA Group Secures Nearly AU$2 Billion in Debt to Fund Growth Strategy

APA Group (ASX:APA) has raised AU$1.5 billion through AU$1 billion in hybrid subordinated capital securities and AU$500 million in 10-year senior notes to support its ongoing expansion plans, according to a Thursday Australian bourse filing.The hybrid component is split into two 30-year instruments of AU$400 million and AU$600 million, both paying a fixed 6.77% interest rate and callable after 7.5 years, while the senior notes carry a 10-year maturity with a 6.42% interest rate, the filing said.

$ASX:APA

Community Health Systems Shares Fall After Q1 Loss Widens, Revenue Falls

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