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Tenet Healthcare boosts outlook despite $3 million loss in third quarter

Dallas Morning News, November 4, 2009

Tenet Healthcare Corp. lost money in the third quarter but still boosted year-end projections. "While the economy has had some effect year-to-date, it remains less than we would have expected in the context of rising unemployment levels in many of our markets," Tenet CEO Trevor Fetter said. For the three months that ended Sept. 30, Tenet lost $3 million, or 1 cent per share, compared with a net income of $104 million, or 22 cents per share, during the third quarter of 2008.