Tenet Healthcare Q1 2024 Adj EPS $3.22 Beats $1.43 Estimate, Sales $5.368B Beat $5.152B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare (NYSE:THC) reported Q1 2024 adjusted EPS of $3.22, surpassing the $1.43 estimate, and sales of $5.368B, exceeding the $5.152B estimate. This represents a significant increase in earnings and sales compared to the same period last year.
April 30, 2024 | 10:47 am
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Tenet Healthcare reported a substantial beat on both earnings and revenue estimates for Q1 2024, with adjusted EPS at $3.22 and sales of $5.368B.
The significant beat on both earnings per share and sales estimates for Q1 2024 indicates strong financial health and operational efficiency. This outperformance, especially with a 125.17% beat on EPS estimates and a 4.18% beat on sales estimates, is likely to positively influence investor sentiment and could lead to a short-term uptick in THC's stock price. The year-over-year growth in earnings and sales further underscores the company's growth trajectory, making this news highly relevant and important for investors.
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