Tenet Healthcare gains after annual profit forecast raise

Tenet Healthcare

29/10/2024 11:48

** Shares of hospital operator Tenet Healthcare  THC.N  
rise 6.09% to $147.99 premarket
    ** Co expects annual adj. profit per share to be between
$11.12 and $11.73 vs $10.41 to $11.12 previously expected
    ** Analysts estimate full-year profit of $10.56 - LSEG data
    ** THC forecasts Q4 adj. EPS to be between $2.69 and $3.31
vs analyst estimates of $2.88
    ** Posts Q3 adj. profit of $2.93 per share vs est. of $2.37
    ** Up to last close, stock up ~85% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))