Tenet Healthcare Corp. (THC) reported a third-quarter net loss attributable to shareholders of $3 million compared to profit of $104 million last year. Loss per share attributable to shareholders was $0.01 compared to profit of $0.22 per share a year ago.
Income from continuing operations, before discontinued operations, was $4 million or breakeven per share compared to $120 million or $0.25 per share last year.
On average, 19 analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Net operating revenues increased to $2.262 billion from $2.140 billion last year. Analysts expected revenue of $2.25 billion for the quarter.
The company expects fiscal 2009 net income attributable to shareholders in a range of $66 million-$130 million.
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