Tenet Reports First Quarter 2021 Results; Raises 2021 Financial Guidance
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Tenet Healthcare (THC) Tops Q1 EPS by 58c, Revenues Beat; Raises FY21 EPS Guidance, Offers FY21 Revs. View, 2Q EPS/Revs. Outlook
April 20, 2021 4:14 PM EDTTenet Healthcare (NYSE: THC) reported Q1 EPS of $1.30, $0.58 better than the analyst estimate of $0.72. Revenue for the quarter came in at $4.78 billion versus the consensus estimate of $4.76 billion.
Net income from continuing operations available to common shareholders in 1Q21 of $97 million versus net income from continuing operations of $94 million in 1Q20; the 2020 quarter included a $91 million income tax benefit associated with a change in the deductibility of interest expenseConsolidated Adjusted EBITDA in 1Q21 of $740 million excluding $37 million of COVID stimulus grant income, or $777 million including the grant income, versus $585 million in... More