Tenet Healthcare (THC) Tops Q1 EPS by 96c
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Tenet Reports Results for the First Quarter Ended March 31, 2020 and Provides Update on Effects of COVID-19
May 4, 2020 4:15 PM EDTNet income from continuing operations attributable to common shareholders of $94 million, or $0.89 per diluted share, in 1Q20 versus a net loss from continuing operations of $20 million, or $0.19 per diluted share in 1Q19 Strong operating performance through mid-March and ahead of expectations. Impact of COVID-19 pandemic in the latter half of March suppressed otherwise solid financial results for 1Q20 lowering net income from continuing operations attributable to common shareholders by approximately $73 million, or $0.69 per diluted share, and Adjusted EBITDA by approximately $125 million. Actively managing COVID-19 patient needs and adapting to the rapidly... More
