Tenet Healthcare Corp. (THC) Posts Q1 Loss of 12c/Share

Tenet Healthcare Corp. (NYSE: THC) reported Q1 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $3.93 billion versus the consensus estimate of $3.91 billion.

Outlook for Second Quarter and 2014 Adjusted EBITDA

The Company’s Outlook range for Adjusted EBITDA the second quarter of 2014 is $375 million to $425 million and earnings per share in a range of a loss of $0.39 per share to income of $0.12 per share. No revenue recognition related to the California Provider Fee Program is assumed in this Outlook. Incentive payments related to electronic health records are assumed to contribute $50 million to the second quarter Outlook.

The Company’s prior Outlook range for 2014 Adjusted EBITDA in a range of $1.8 billion to $1.9 billion is confirmed.

For earnings history and earnings-related data on Tenet Healthcare Corp. (THC) click here.

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