Tenet Healthcare Stock Falls 6% On Revenue Decline

(RTTNews) - Tenet Healthcare Corporation (THC) is down 6.87 percent, dropping $8.71 to $130.12. The decline follows the company's earnings report, which showed a year-over-year decline in net operating revenue for the fourth quarter, falling to $5.07 billion from $5.38 billion.

THC is currently trading at $129.29, down from the previous close of $138.83. The stock has fluctuated between $128.52 and $142.69 during today's session. Trading volume stands at 1.65 million shares, above the average volume of 1.25 million.

The stock remains within its 52-week range of $87.06 to $171.20, as investors react to the revenue decline despite strong net income growth.

However, full-year revenue saw a slight increase to $20.67 billion from $20.55 billion in the prior year.