Tenet Healthcare Q2 Adj. EPS $1.44 Beats $1.26 Estimate, Sales $5.08B Beat $4.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare (NYSE:THC) reported Q2 earnings of $1.44 per share, beating the analyst consensus estimate of $1.26 by 14.29%. However, this is a 4% decrease from the same period last year. The company also reported quarterly sales of $5.08 billion, beating the estimate of $4.90 billion by 3.71%, and marking a 9.57% increase from the same period last year.
July 31, 2023 | 8:25 pm
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Tenet Healthcare's Q2 earnings and sales beat estimates, but earnings are down 4% from the same period last year.
Tenet Healthcare's earnings beat estimates, which is generally a positive signal for investors and could lead to a short-term increase in stock price. However, the decrease in earnings from the same period last year might temper this positive impact.
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