Oct 20 (Reuters) - Hospital operator Tenet Healthcare Corp's
quarterly profit exceeded analysts' estimates on Tuesday
as more COVID-19 patients were treated and people opted to
resume elective procedures after coronavirus restrictions eased.
The Dallas, Texas-based company said net operating revenue
from its hospital segment, which mainly includes its acute care
and specialty hospitals, rose by 17% on a same-hospital basis
versus last year.
Tenet's net operating revenue fell marginally to $4.56
billion in the quarter ended Sept. 30. Excluding items, it
earned 64 cents per share, beating analysts' estimates of 31
cents per share.
The hospital operator reported a net loss from continuing
operations attributable to common shareholders of $197 million,
versus a loss of $227 million last year.
Tenet, which operates 65 hospitals and about 500 other
healthcare facilities, furloughed around 10% of its workforce
due to a drop in elective surgeries during the virus outbreak,
Reuters reported in April.
(Reporting by Vishwadha Chander in Bengaluru; Editing by Devika