Tenet Healthcare (THC) Q4 Earnings Beat on Hospital Operations

Tenet Healthcare Corporation (THC) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $2.68, which beat the Zacks Consensus Estimate by 69.6% and surpassed management’s expectations. The bottom line jumped 36.7% year over year.Net operating revenues of THC amounted to$ 5.4 billion, which improved 7.8% year over year in the quarter under review and met management’s estimate. The top line outpaced the consensus mark by 2.2%.The strong quarterly results were aided by expanding patient volumes, i ...