May 4, 2020 / 8:34 PM / a month ago

Tenet Healthcare reports quarterly profit compared to year-ago loss

May 4 (Reuters) - Hospital operator Tenet Healthcare Corp on Monday reported a profit for the first quarter, compared to a loss a year earlier, helped by a favorable tax benefit of $91 million.

Net income attributable to Tenet Healthcare shareholders rose to $93 million, or 88 cents per share, in the first quarter ended March 31, compared to a loss of $12 million, or 11 cents per share, a year earlier.

Net operating revenue fell to $4.52 billion from $4.55 billion. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Vinay Dwivedi)

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