Tenet Healthcare (THC) Beats on Q1 Earnings, Ups '24 EPS View

Tenet Healthcare Corporation (THC) reported first-quarter 2024 adjusted earnings per share (EPS) of $3.22, which surpassed the Zacks Consensus Estimate by a whopping 122.1% and crossed management’s expectation of$ 1.24- $1.62. The bottom line more than doubled year over year.Net operating revenues advanced 6.9% year over year to$ 5.4 billion and exceeded management’s guidance of $5-$ 5.2 billion. The top line beat the consensus mark by 4.4%.The solid quarterly results were driven by growing patient volumes wi ...