Tenet Healthcare (THC) Q3: net profit jumps to $40M from $6M last year. Comparable patient...

|About: Tenet Healthcare Corporation (THC)|By:, SA News Editor

Tenet Healthcare (THC) Q3: net profit jumps to $40M from $6M last year. Comparable patient admissions +1.4%, outpatient surgeries +6.3%, ER visits +4.9%. Cuts FY adjusted EBITDA guidance to $1.2B from $1.25B-$1.38B, due to a delayed payment from a California Medicaid program. No matter, President Obama won re-election and shares are +6.3% premarket.