Update: Article previously listed THC's unadjusted earnings and has been corrected to reflect the company's adjusted earnings information.
NEW YORK (TheStreet) -- Tenet Healthcare (THC) shares are down -1.5% to $52.50 in after-hours trading on Monday after reporting a second quarter earnings of 17 cents per share, well above analysts expectations of 1 cent per share
Revenue for the quarter was $4.04 billion, ahead of analysts estimates of $3.9 billion.
TheStreet Ratings team rates TENET HEALTHCARE CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TENET HEALTHCARE CORP (THC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins."