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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