Almost 3 Years Ago
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THC shares jumped up 12% today. The primary reasons:
Tenet Healthcare Corp (THC) is trading 12% higher at $66.98 today.
Tenet's beat analyst expectations for Q2 2022 non-GAAP net income of $163M and EPS of $1.50 but lowered its net operating revenue guidance for the year. Analysts had been expecting $93M of net income and EPS of $0.83.
For the full-year 2022, Tenet sees net revenue of $19B to $19.4B, down from a previous guidance of $19.5B to $19.9B. Consensus is for $19.73B.
Adjusted EPS from continuing operations and adjusted EBITDA estimates for the year remain unchanged.
Tenet Healthcare Corp has been trading between a 52-week high of $92.65 and a 52-week low of $50.37. The stock has a market cap of $7.22 Billion.
Tenet Healthcare Corporation is a diversified healthcare services company headquartered in Dallas with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other care sites and clinics. Tenet Healthcare Corporation also operates Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients.
Tenet's beat analyst expectations for Q2 2022 non-GAAP net income of $163M and EPS of $1.50 but lowered its net operating revenue guidance for the year. Analysts had been expecting $93M of net income and EPS of $0.83.
For the full-year 2022, Tenet sees net revenue of $19B to $19.4B, down from a previous guidance of $19.5B to $19.9B. Consensus is for $19.73B.
Adjusted EPS from continuing operations and adjusted EBITDA estimates for the year remain unchanged.
Tenet Healthcare Corp has been trading between a 52-week high of $92.65 and a 52-week low of $50.37. The stock has a market cap of $7.22 Billion.
Tenet Healthcare Corporation is a diversified healthcare services company headquartered in Dallas with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other care sites and clinics. Tenet Healthcare Corporation also operates Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients.
Headlines
Tenet Healthcare Posts Lower Sales, Profits On Unfavorable Impact Of Cyber Attack
Benzinga 07-22-22
Tenet Healthcare Corp. Q2 Profit Decreases, but beats estimates
Finanz Nachrichten 07-21-22
Tenet Healthcare Tops Q2 EPS by 87c, Revenues Miss By Investing.com
Investing.com 07-21-22
Tenet Healthcare GAAP EPS of $0.35 misses by $0.42 (NYSE:THC)
Seeking Alpha 07-21-22
Tenet Healthcare Q2 2022 Earnings Preview (NYSE:THC)
Seeking Alpha 07-20-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Groundbreaking_Ask81 - 2 upvotes - source
My dog ate a 100mg thc edible chocolate bar. He's probably high asf right now. Should I order pizza and put on a movie for him?
Imaginary-Hour2226 - 1 upvotes - source
Can't relate, I like the smell (but I'm a stoner so it doesn't count). THC infused beverages could be fire tho.
googley_me - 1 upvotes - source
$THC & $HCA - Healthcare stocks crushing earnings
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