Latest News by Industry
DALLAS (AP) — DALLAS (AP) — Tenet Healthcare Corp. (THC) on Tuesday reported first-quarter earnings of $2.15 billion.
On a per-share basis, the Dallas-based company said it had net income of $21.38. Earnings, adjusted for one-time gains and costs, came to $3.22 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The hospital operator posted revenue of $5.37 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.14 billion.
For the current quarter ending in June, Tenet expects its per-share earnings to range from $1.58 to $1.98.
The company said it expects revenue in the range of $4.9 billion to $5.1 billion for the fiscal second quarter.
Tenet expects full-year earnings in the range of $8.37 to $9.41 per share, with revenue ranging from $20 billion to $20.4 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THC at https://www.zacks.com/ap/THC