Tenet Healthcare 4Q Revenue Slides After Divestitures

Dow Jones
02-12
 

By Dean Seal

 

Tenet Healthcare recorded lower revenue but stronger earnings in the fourth quarter after it divested 14 hospitals last year.

The operator of hospitals and surgery centers posted a profit of $318 million, or $3.32 a share, for the final three months of 2024. That's up from $244 million, or $2.30 a share, in the year-ago quarter.

Adjusted earnings, which strip out one-time items, were $3.44 a share, beating analyst projections for $2.95 a share, according to FactSet.

Revenue fell 5.7% to $5.07 billion, missing analyst forecasts for $5.17 billion..

The Dallas-based company said it expects $20.6 billion to $21 billion in revenue for 2025, compared with $20.67 billion in 2024 and below current analyst estimates for $21.25 billion, according to FactSet.

Adjusted earnings meanwhile are expected to hit $11.74 to $12.84 a share, above current targets for $11.42 a share.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

February 12, 2025 07:12 ET (12:12 GMT)

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