Tenet adds to loss with restructuring charges

Hospital operator Tenet Healthcare Corp. said its fourth-quarter loss widened on impairment and restructuring charges. Its shares fell nearly 8%.

The Dallas-based company reported a net loss of $386 million, or 82 cents a share, compared with a loss of $286 million, or 61 cents, a year earlier. Tenet reported a loss from continuing operations of $393 million, or 83 cents a share, for the latest quarter. Results include impairment and restructuring charges of 52 cents a share.

Revenue rose nearly 3% to $2.18 billion.

Analysts surveyed by Thomson Financial expected a per-share loss of 4 cents on revenue of $2.13 billion, but that forecast does not account for charges Tenet incurred, a Thomson Financial spokesman said.

Tenet shares slipped 59 cents, or 7.8%, to $6.91.