Tenet Healthcare Corp. Earnings Retreat 66% In Q4

(RTTNews) - Tenet Healthcare Corp. (THC) announced a profit for fourth quarter that declined compared to the same period last year.

The company said its earnings fell to $35 million, or $0.35 per share. This was lower than $104 million, or $1.03 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.5% to $5.03 billion. This was up from $4.47 billion last year.

Tenet Healthcare Corp. earnings at a glance:

-Earnings (Q4): $35 Mln. vs. $104 Mln. last year. -Earnings Decline (Y-o-Y): -66.3% -EPS (Q4): $0.35 vs. $1.03 last year. -EPS Decline (Y-o-Y): -66.0% -Analysts Estimate: $0.34 -Revenue (Q4): $5.03 Bln vs. $4.47 Bln last year. -Revenue Change (Y-o-Y): 12.5%

-Guidance: Next quarter EPS guidance: $0.05 - $0.54 Next quarter revenue guidance: $4.7 - $4.9 Bln Full year EPS guidance: $1.18 - $2.25 Full year revenue guidance: $18.8 - $19.2 Bln