Tenet Lowers Earnings Expectation
Yesterday, Tenet Healthcare Corp. (NYSE:THC) announced reduced earnings projections for the rest of 2011. Accordingly, the company’s 2011 earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be toward the lower end of the previously announced guideline of $1.175–$1.275 billion. Additionally, EBITDA for the third quarter of 2011 is expected to be almost [...]
Yesterday, Tenet Healthcare Corp. (NYSE:THC) announced reduced earnings projections for the rest of 2011. Accordingly, the company’s 2011 earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be toward the lower end of the previously announced guideline of $1.175–$1.275 billion. Additionally, EBITDA for the third quarter of 2011 is expected to be almost at par with $203 million in the year-ago quarter.
The reduced expectations are a result of an increase in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards