DALLAS (AP) — DALLAS (AP) — Tenet Healthcare Corp. (THC) on Wednesday reported fourth-quarter earnings of $371 million.
On a per-share basis, the Dallas-based company said it had net income of $4.22. Earnings, adjusted for one-time gains and costs, came to $4.70 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.08 per share.
The hospital operator posted revenue of $5.53 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $5.45 billion.
For the year, the company reported profit of $1.41 billion, or $15.49 per share. Revenue was reported as $21.31 billion.
Tenet expects full-year earnings in the range of $16.19 to $18.47 per share, with revenue in the range of $21.5 billion to $22.3 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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