Tenet Healthcare Corp. (THC) revealed a profit for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $342 million, or $3.86 per share. This compares with $472 million, or $4.89 per share, last year.
Excluding items, Tenet Healthcare Corp. reported adjusted earnings of $328 million or $3.70 per share for the period.
Analysts on average had expected the company to earn $3.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.2% to $5.289 billion from $5.126 billion last year.
Tenet Healthcare Corp. earnings at a glance (GAAP) :
-Earnings: $342 Mln. vs. $472 Mln. last year.-EPS: $3.86 vs. $4.89 last year.-Revenue: $5.289 Bln vs. $5.126 Bln last year.
-Guidance:Full year EPS guidance: $15.93 - $16.26Full year revenue guidance: $21.150 -$21.350 Bln
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