Why Tenet Healthcare Stock Is Soaring Today
Shares of hospital chain Tenet Healthcare (NYSE: THC) are soaring on Friday following Thursday evening's release of the company's fiscal Q2 numbers. Indeed, as of 12:53 p.m. ET this healthcare stock is up 16.8% in response to second-quarter earnings that topped expectations, and better-than-expected guidance for the remainder of the year.
Tenet Healthcare turned $5.63 billion worth of revenue into adjusted per-share earnings of $6.12 during the three months ending in June. Those numbers were well up from year-ago comparisons of $5.27 billion and $4.02, respectively. And, they also topped analyst estimates for a top line of $5.43 billion and a profit of only $4.26 per share.
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Source Fool.com
