Healthcare Service Provider Tenet Healthcare's Q3 Earnings Beat On Higher Volumes; Tightens Guidance
Portfolio Pulse from Vandana Singh
Tenet Healthcare Corp (THC) reported Q3 net operating income of $101 million, down from $131 million in the prior year. However, Q3 adjusted EPS was $1.44, beating the consensus of $1.20. Net operating revenues for the quarter were $5.07 billion, up from $4.80 billion, beating the consensus of $5.02 billion. The company tightened its guidance for Q4 and FY23.
October 31, 2023 | 6:30 pm
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Tenet Healthcare's Q3 earnings beat expectations, which could have a positive impact on the stock. However, the company's net operating income was down year over year, and it tightened its guidance for Q4 and FY23, which could create uncertainty among investors.
Tenet Healthcare's Q3 earnings beat expectations, which is generally a positive signal for the stock. However, the company's net operating income was down year over year, which could be a concern for investors. Additionally, the company tightened its guidance for Q4 and FY23, which could create uncertainty among investors and potentially impact the stock price.
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