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Tenet’s Prelim Results Disappoint
Yesterday, Tenet Healthcare Corp. (NYSE:THC) released its first-quarter 2012 preliminary financial results. Reported net income for the quarter under review stood at $58 million or 13 cents per share, lagging the year-ago quarter’s earnings of $73 million or 14 cents per share. Net operating revenue was $2.35 billion, up 2.2% from $2.30 billion in the [...]
Yesterday, Tenet Healthcare Corp. (NYSE:THC) released its first-quarter 2012 preliminary financial results. Reported net income for the quarter under review stood at $58 million or 13 cents per share, lagging the year-ago quarter’s earnings of $73 million or 14 cents per share.
Net operating revenue was $2.35 billion, up 2.2% from $2.30 billion in the prior-year quarter. However, reported revenues lagged the Zacks Consensus Estimate of $2.48 billion.
During the reported quarter, Tenet’s net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards