The hospital chain’s shares closed Feb. 20 at $6.72, their highest closing price since October 2017. Shares of CHS traded between $5.39 and $7.26 on Feb. 20 and were up 40 percent from the day prior at market close.
The big jump came after CHS reported fourth-quarter operating revenues of $3.29 billion, surpassing the Wall Street consensus estimate of $3.18 billion. The company reported adjusted earnings per share of 40 cents for the fourth quarter of 2019, topping analysts’ average estimate of a loss of 46 cents per share, according to The Motley Fool.
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