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Tenet Healthcare posts $88M 1Q loss
San Francisco Chronicle

Tenet Healthcare Corp. said Tuesday that it lost $88 million in the first quarter, hurt by hefty charges and a drop in inpatient admissions. The earnings beat Wall Street predictions, while revenue fell slightly short. Its shares rose more than 3 percent. The Dallas-based hospital operator’s loss attributable to common shareholders amounted to 85 cents per share and contrasted with net income of $58 million, or 53 cents per share, in the same quarter of 2012.