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0 -0.00144559735295059 -0.000931607183012691 -0.000770985254907029 -0.00260207523531113 -0.000321243856211323 -0.000610363326801368 0.00311606540524903
Stock impact report

Tenet Q3 Earnings Beat on Strong Ambulatory Unit, '24 EPS View Raised [Yahoo! Finance]

Tenet Healthcare Corporation (THC) 
Last tenet healthcare corporation earnings: 2/24 04:21 pm Check Earnings Report
US:NYSE Investor Relations: investor.tenethealth.com
Company Research Source: Yahoo! Finance
The bottom line more than doubled year over year. Net operating revenues increased 1.1% year over year to $5.12 billion, which surpassed management's guided range of $5-$5.1 billion. The top line beat the consensus mark by 1.5%. The quarterly results benefited from higher same-hospital admissions, a favorable payer mix and increased Medicaid supplemental revenues. The Ambulatory Care unit was driven by facility buyouts and service line expansions. A declining operating expense level also contributed to the upside, which was partly offset by the impact of divestiture of hospitals that impacted revenues of the Hospital unit. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Tenet Healthcare Corporation price-consensus-eps-surprise-chart | Tenet Healthcare Corporation Quote Adjusted net income was $282 million, which soared 84.3% year over year and exceeded management's expected range of $210-$250 million. Adjusted EBITDA advanced 14.5% year over year Show less Read more
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