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Tenet Healthcare Tops Estimates

Stock quotes in this article: THC , CYH , HMA , LPNT  

OKLAHOMA CITY -- Tenet Healthcare's (THC Quote) vital signs continue to improve, thanks to an uptick in patients who actually pay their bills.

The long-suffering hospital chain did swing to a $31 million loss in the first quarter, as litigation costs more than offset operational gains. Excluding special items, however, the company posted earnings of 4 cents a share -- 3 cents ahead of Wall Street's modest expectations.

Revenue of $2.37 billion, up a healthy 6.7% from a year ago, topped the consensus estimate as well. ...

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