Tenet Healthcare (NYSE: THC) Earnings Q3 2010

View Tenet Healthcare's (NYSE: THC) Q3 Earnings Report


  • Net income  of $932 million compared to $3 million net loss in Q3 2009
  • Earnings of $1.68 per diluted share compared to a loss of $0.01 per diluted share in Q3 2009
  • Deferred tax benefit of $981 million recognized, $1.75 per diluted share
  • Early extinguishment of debt loss of $55 million, or $0.06 per diluted share
  • Outlook for 2010 net income from continuing operations increased to $110 million-$140 million
  • In October, $46 million in medical office building sales proceeds received
  • California provider fee plan receives partial CMS approval in October
  • $64 million in net revenue expected for Q4
  • $800 million new bank credit line completed

Check out Tenet Healthcare's current earnings estimates from CNN Money

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Tenet's website: www.tenethealth.com