Tenet Increases Hospital Admissions and Reaffirms Forecast
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Tenet Healthcare Corp., the third-largest U.S. hospital company, reported fourth-quarter income helped by higher admissions and reiterated its 2013 forecast.
Adjusted earnings before interest, taxes, depreciation and amortization of $336 million beat analysts’ estimates and the company’s forecast, Dallas-based Tenet said today in a statement. Earnings excluding one-time items were 52 cents a share, 15 cents lower than the average of 19 analysts’ estimates compiled by Bloomberg.