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Tenet Healthcare shares soar more than 20% on smaller-than-expected loss, hospital sale

May 3, 2017

Via: CNBC
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Shares of Tenet Healthcare skyrocketed Tuesday, a day after the company reported a smaller-than-expected quarterly loss amid a choppy environment for health-care stocks.

The stock closed up more than 21 percent.

The Dallas-based hospital operator reported an adjusted loss of 27 cents per share for the first quarter, compared with a Thomson Reuters consensus estimate of a 51 cent loss.

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