Tenet Healthcare Corp. Profit Retreats In Q2, misses estimates

Tenet Healthcare Corp. (THC) announced earnings for second quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $38 million, or $0.35 per share. This compares with $119 million, or $1.10 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.3% to $4.64 billion from $4.95 billion last year.

Tenet Healthcare Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $38 Mln. vs. $119 Mln. last year.
-EPS (Q2): $0.35 vs. $1.10 last year.
-Analyst Estimates: $0.87
-Revenue (Q2): $4.64 Bln vs. $4.95 Bln last year.

Next quarter revenue guidance: $4.7-$4.9 Bln
Full year revenue guidance: $19.0-$19.4 Bln

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