(Adds Outlook)
Tenet Healthcare Corporation (THC) said the company now projects fiscal 2024 adjusted EBITDA in a range of $3.9 billion to $4.0 billion, an increase of $50 million from prior guidance. Adjusted earnings per share is estimated in a range of $11.12 to $11.73. Net operating revenues are projected in a range of $20.6 billion to $20.8 billion. In July, the company projected: adjusted earnings per share in a range of $10.41 to $11.12; and net operating revenues in a range of $20.60 billion to $21.00 billion.
The company expects fourth quarter adjusted EBITDA in a range of $953 million to $1.05 billion. Net operating revenues are projected in a range of $5.007 to $5.207 billion. Adjusted earnings per share is estimated to be in a range of $2.69 to $3.31.
Q3 Results:
Earnings came in at $472 million, or $4.89 per share. This compares with $101 million, or $0.94 per share, in last year's third quarter. Excluding items, adjusted earnings per share was $2.93 compared to $1.44. Adjusted EBITDA was $978 million, 15% above a year ago, and well above the upper end of the company's third quarter outlook range. The company's revenue for the quarter rose to $5.12 billion from $5.07 billion last year.
Shares of Tenet Healthcare are up 7% in pre-market trade on Tuesday.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.