Tenet Healthcare Q4 Earnings Fall Short Of Views

Tenet Healthcare Corp. said Monday that fourth-quarter net income was $61 million, or 61 cents a share, swinging from a loss of $24 million, or 24 cents a share, for the same period a year ago. Revenue for the Dallas-based hospital operator was $4.47 billion vs. $3.89 billion for the year-ago period. Adjusted earnings were $1.03 a share. Analysts polled by FactSet had expected adjusted income of $1.18 a share on revenue of $4.62 billion. Shares ended trading Monday up 1.6% to $45.58. Tenet said it sees adjusted earnings of $1.32 to $2.40 a share for fiscal 2015, and first-quarter income of 5 cents to 55 cents a share. Analysts are expecting earnings of 39 cents a share for the first quarter and $2.25 for the year.