Tenet Healthcare Corporation (NYSE:THC) shares are down on Thursday as the company reported mixed first-quarter results.
Tenet Healthcare Q1 Results: Earnings Rise
The hospitals and healthcare facilities operator reported adjusted earnings of $4.82 per share, surpassing the consensus of $4.18. Sales reached $5.37 billion, missing the consensus of $5.39 billion.
Adjusted EBITDA was $1.162 billion compared to $1.163 billion a year ago, reflecting strong growth in same facility revenue and disciplined expense management offset by unfavorable payer mix due to lower exchange admissions.
data-variant=”card”
data-news-mode=”manual”
>
Read Also:
Hospital Operator HCA Healthcare Flags Soft Respiratory Season As Volumes Lag