Tenet Reports Results for the First Quarter Ended March 31, 2016
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Tenet Healthcare (THC) Tops Q1 EPS by 12c; Provides Q2, FY16 Guidance
May 2, 2016 5:16 PM EDTTenet Healthcare (NYSE: THC) reported Q1 EPS of $0.45, $0.12 better than the analyst estimate of $0.33. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.78 billion.
Generated Adjusted EBITDA of $613 million, a $0.56 loss per share from continuing operations, and, after adjusting for certain items, Adjusted diluted EPS of $0.45 during the first quarter of 2016.Same-hospital patient revenue grew 6.0% in the first quarter, driven by 2.2% growth... More