Third quarter diluted earnings per share from operations for the period ended Feb. 28, for Tenet Health Care Corp. of Dallas rose to 60 cents from 48 cents per share.
Net income for the period also increased 30.3% to $198 million, compared with $152 million for the same period a year ago. Net income from operations was $209 million or 66 cents per share, compared with $173 million or 55 cents per share for the third quarter of 2000.
In a prepared statement, Jeffrey C. Barbakow, chairman and CEO of Tenet, says "for the third consecutive quarter, revenues were up, costs were down, margins expanded, cash flow improved and we further reduced debt."
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