Tenet Healthcare Corp. (THC) posted lower first-quarter net income attributable to common shareholders of $58.0 million or $0.13 per share, versus $73.0 million or $0.14 per share last year. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.08 for the quarter. Analysts' estimates typically exclude one-time items.
Net operating revenues totaled $2.35 billion, compared with $2.30 billion in the year earlier period, up by 2.2%. Analysts estimated revenues of $2.49 billion for the quarter.
Adjusted EBITDA amounted to $314 million for the latest quarter, a decrease from $379 million in the comparable period prior year.
On April 26, Tenet raised its 2012 Adjusted EBITDA forecast to a new range of $1.250 billion - $1.375 billion, an increase of $25 million.
by RTT Staff Writer
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