Tenet: Q3 Earnings Snapshot


Tenet: Q3 Earnings Snapshot

DALLAS (AP) -- DALLAS (AP) -- Tenet Healthcare Corp. (THC) on Tuesday reported third-quarter earnings of $342 million.

The Dallas-based company said it had net income of $3.86 per share. Earnings, adjusted for one-time gains and costs, came to $3.70 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.33 per share.

The hospital operator posted revenue of $5.29 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $5.24 billion.

Tenet expects full-year earnings in the range of $15.93 to $16.26 per share, with revenue in the range of $21.15 billion to $21.35 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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