Healthcare Facilities Operator Tenet Healthcare Boosts Annual Forecast On Same-store Revenue And Free Cash Flow Growth
Portfolio Pulse from Vandana Singh
Tenet Healthcare Corporation (NYSE:THC) reported strong Q3 results, with sales of $5.12 billion and adjusted EPS of $2.93, both exceeding expectations. The company raised its annual forecast due to robust same-store revenue and free cash flow growth. THC stock rose 12.01% following the announcement.
October 29, 2024 | 3:02 pm
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Tenet Healthcare reported better-than-expected Q3 results, with sales and EPS surpassing forecasts. The company raised its annual guidance, driven by strong same-store revenue and free cash flow growth. THC stock increased by 12.01% in response.
Tenet Healthcare's Q3 results exceeded both sales and EPS expectations, leading to a positive market reaction with a 12.01% stock price increase. The company's raised annual forecast further supports a positive outlook, indicating strong operational performance and strategic execution.
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