Tuesday, May 8, 2007

Tenet Healthcare posts loss as shares fall

(Reuters) - The Dallas-based chain reported an operating loss of 3 cents per share, compared with an average forecast among Wall street analysts of a loss of 2 cents per share, according to Reuters Estimates.

Patient admissions at Tenet, which owns about 60 hospitals, slid 1.7 percent, and highly profitable commercial admissions sank 3.5 percent. Many of Tenet's peers reported stable or positive admissions trends in the first quarter.


Read more at Reuters.com Hot Stocks News

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