Tenet Healthcare hit by write-downs — 6 notes

Tenet Healthcare was hit by $136 million in write-downs, acquistion-related costs and other one-time items, according to Market Watch.

Here are six things to know:

1. Tenet lost $61 million for the April to June period, compared with a loss of $26 million the year prior.

2. The company's per-share earnings from continuing operations increased to 75 cents from 17 cents, excluding write-downs, acquisition-related costs, restructuring changes and other items.

3. Revenue rose 11 percent to $4.5 billion, surpassing analysts' expectations of $4.4 billion.

4. Tenet forecasted per-share earnings of five cents to 49 cents for the current quarter.

5. The company forecasted revenue of $4.7 billion to $4.9 billion for the current quarter.

6. Tenet increased its revenue guidance to $18.1 billion to $18.5 billion from its previous estimate for $17.4 billion to $17.7 billion.

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