NEW YORK (TheStreet) -- Tenet Healthcare (THC - Get Report) shares are climbing, up 2.26% to $58 in after-hours trading on Monday, after the healthcare service provider released its second quarter earnings results.

The Dallas-based company reported a second quarter net loss of $61 million, or earnings of 75 cents per share on an adjusted basis, on sales of $4.49 billion.

Analysts on average were expecting the company to report earnings of 45 cents per share on revenue of $4.38 billion.

For the current quarter the company provided earnings guidance between 5 cents and 49 cents per share versus analysts' consensus 38 cent per share expectations.

"This was another strong quarter for Tenet with EBITDA that exceeded our expectations. We continued to focus on aggressive implementation of our strategy to improve care delivery and more closely align our business with key trends shaping the healthcare system." said CEO Trevor Fetter

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 revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins."

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