UPDATE: Tenet Healthcare Posts Downbeat Q4 Profit
Tenet Healthcare Corp (NYSE: THC) swung to a fourth-quarter loss.
Tenet Healthcare posted a quarterly loss of $76 million, or $0.17 per share, versus a year-ago profit of $74 million, or $0.14 per share. Excluding items, Tenet Healthcare earned $0.10 per share. Its net operating revenue climbed to $2.22 billion from $2.11 billion. However, revenue before provision for doubtful accounts surged to $2.4 billion from $2.3 billion. Analysts were expecting earnings of $0.14 per share on revenue of $2.42 billion.
Tenet Healthcare shares gained 0.36% to $5.67 in pre-market trading.
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