Tenet Reports Results for the Second Quarter Ended June 30, 2020 and Provides Update on Effects of COVID-19

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Go back to Tenet Reports Results for the Second Quarter Ended June 30, 2020 and Provides Update on Effects of COVID-19

Tenet Healthcare (THC) Tops Q2 EPS by $1.97

August 3, 2020 4:19 PM EDT

Tenet Healthcare (NYSE: THC) reported Q2 EPS of $1.26, $1.97 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $3.65 billion versus the consensus estimate of $3.76 billion.

Net income from continuing operations available to common shareholders of $88 million, or $0.83 per diluted share, in 2Q20 versus net income from continuing operations of $24 million, or $0.23 per diluted share, in 2Q19Consolidated Adjusted EBITDA of $732 million in 2Q20 versus $669 million in 2Q19Federal stimulus support received was critical in addressing pandemic challenges, allowing uninterrupted response across our care facilitiesExperienced pronounced volatility in... More