DALLAS (AP) — DALLAS (AP) — Tenet Healthcare $THC Corp. (THC) on Thursday reported fourth-quarter earnings of $244 million.
DALLAS (AP) — DALLAS (AP) — Tenet Healthcare Corp. (THC) on Thursday reported fourth-quarter earnings of $244 million.
DALLAS (AP) — DALLAS (AP) — Tenet Healthcare $THC Corp. (THC) on Thursday reported fourth-quarter earnings of $244 million.
On a per-share basis, the Dallas-based company said it had net income of $2.30. Earnings, adjusted for non-recurring costs, were $2.68 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The hospital operator posted revenue of $5.38 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.26 billion.
For the year, the company reported profit of $611 million, or $5.71 per share. Revenue was reported as $20.55 billion.
For the current quarter ending in March, Tenet expects its per-share earnings to range from $1.24 to $1.62.
The company said it expects revenue in the range of $5 billion to $5.2 billion for the fiscal first quarter.
Tenet expects full-year earnings in the range of $5.76 to $6.90 per share, with revenue ranging from $19.9 billion to $20.3 billion.
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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
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