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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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