Community Health Systems shares fall 23.45% premarket after CEO Tim Hingtgen announced retirement and Q2 earnings miss expectations.

Community Health Systems, Inc. dropped 23.45% in premarket trading, with the company announcing that its CEO, Tim Hingtgen, will retire effective September 30, 2025. Kevin Hammons, the current president and chief financial officer, will assume the role of interim CEO. Additionally, the company reported a second-quarter profit of $282 million, but the earnings per share of $2.09 did not meet Wall Street expectations of 5 cents per share.