Tenet Healthcare Corp. shares declined in the extended session Monday after the hospital operator’s earnings and outlook fell well below Wall Street estimates. Tenet shares fell 5.7% to $27.25 after hours. The company reported adjusted second-quarter earnings of 38 cents a share on net operating revenue of $4.87 billion. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $4.82 billion. Tenet forecast adjusted third-quarter earnings of 10 cents to 25 cents a share, while analysts had estimated 43 cents a share.
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