07:33 AM EDT, 10/29/2024 (MT Newswires) -- Tenet Healthcare ( THC ) reported Q3 adjusted earnings Tuesday of $2.93 per diluted share, up from $1.44 a year earlier.

Analysts polled by Capital IQ expected $2.37.

Net operating revenue for the quarter ended Sept. 30 rose to $5.12 billion from $5.07 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.05 billion.

For Q4, the company expects adjusted diluted EPS of $2.69 to $3.31. Analysts polled by Capital IQ expect $2.88. Net operating revenue for the quarter is expected to be between $5.01 billion and $5.21 billion. Analysts surveyed by Capital IQ expect $5.29 billion.

For 2024, Tenet Healthcare ( THC ) now expects adjusted diluted EPS of $11.12 to $11.73, up from the previous range of $10.41 to $11.12, on net operating revenue of $20.60 billion to $20.80 billion, from its previous forecast of $20.60 billion to $21 billion. Analysts surveyed by Capital IQ expect adjusted earnings of $10.7 per share on revenue of $20.84 billion.

Shares of the company were up more than 4% in recent Tuesday premarket activity.

Price: 146.00, Change: +6.51, Percent Change: +4.67