Tenet Healthcare Corp. (THC) released earnings for its second quarter that climbed from last year.
RTTNews | Jul 21, 2021 04:19PM EDT
16:19 Wednesday, July 21, 2021 (RTTNews.com) - Tenet Healthcare Corp. (THC) released earnings for its second quarter that climbed from last year.
The company's bottom line came in at $119 million, or $1.10 per share. This compares with $88 million, or $0.83 per share, in last year's second quarter.
Excluding items, Tenet Healthcare Corp. reported adjusted earnings of $173 million or $1.59 per share for the period.
Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 35.6% to $4.95 billion from $3.65 billion last year.
Tenet Healthcare Corp. earnings at a glance:
-Earnings (Q2): $173 Mln. vs. $133 Mln. last year.-EPS (Q2): $1.59 vs. $1.26 last year.-Analysts Estimate: $1.07-Revenue (Q2): $4.95 Bln vs. $3.65 Bln last year.
-Guidance:Next quarter EPS guidance: $0.73 - $1.06Next quarter revenue guidance: $4,600 - $4,800 MlnFull year EPS guidance: $5.23 - $5.73Full year revenue guidance: $19,250 -$19,650 Mln
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