Why Is Tenet Healthcare Stock Soaring Friday? - Tenet Healthcare (NYSE:THC)

Tenet Healthcare Corp.

(NYSE:THC) stock surged Friday after the company reported second-quarter results that beat Wall Street estimates and raised its fiscal 2026 earnings and revenue guidance.

The hospital operator reported adjusted earnings of $6.12 per share, topping the analyst consensus estimate of $4.23.

Revenue rose 6.8% year over year to $5.63 billion, exceeding the consensus estimate of $5.43 billion.

Same-Store Growth Boosts Results Chairman and CEO Saum Sutaria attributed the strong quarter to solid same-store revenue growth and disciplined expense management.