NEW YORK (TheStreet) -- Shares of Tenet Healthcare (THC - Get Report) are dropping 4.95% to $27.48 in after-hours trading on Monday after the company reported lower-than-expected 2016 second quarter earnings.

After today's closing bell, the Dallas-based healthcare services company reported adjusted earnings of 38 cents per diluted share. Analysts were looking for earnings of 52 cents per share.

The company generated net operating revenues of $4.87 billion, higher than Wall Street's estimates of $4.83 billion.

Same-hospital patient revenue grew by 4.4% year-over-year during the quarter.

"Our strategic investments in high-acuity service lines helped us to grow same-hospital patient revenue and revenue per adjusted admission," CEO Trevor Fetter said in a statement.

For 2016, the company expects to report adjusted earnings of $1.32 to $1.67 per share. Revenue is projected to be in the range of $19.5 billion to $19.8 billion.

Analysts are looking for earnings of $1.93 per share on revenue of $19.4 billion.

About 3.16 million of the company's shares changed hands today vs. its average 30-day volume of 1.23 million shares per day.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, TheStreet Ratings finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: THC