Last year in 2008 in the same quarter Tenet had a profit. They are faced with all the same issues as all hospitals have today, less money to go around. BD
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.
Wall Street analysts surveyed by Thomson Reuters expected a loss of 2 cents per share.
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