Tenet Healthcare (THC) Q2 Earnings Top Estimates & Rise Y/Y
Zacks Investment Research | Aug 05, 2019 11:30PM ET
Tenet Healthcare Corporation (NYSE:THC) delivered second-quarter 2019 adjusted net income of 56 cents per share, beating the Zacks Consensus Estimate by 27.3%. This upside is primarily driven by the Hospital & Other segment, volume growth in hospital portfolio and earnings growth at USPI. Moreover, the bottom line was up 14.3% year over year in the quarter under review.
Quarterly Operational Update
Net operating revenues came in at $4.5 billion, up 1.2% year over year. Additionally, the top line beat the Zacks Consensus Estimate by 1.7% on the back of contributions made by the Hospital & Other segment.
Tenet Healthcare’s same-hospital exchange admissions were up 3 % year over year.
Same-hospital exchange outpatient visits were down 3.2% year over year.
Tenet Healthcare Corporation Price, Consensus and EPS Surprise
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