Tenet Healthcare (THC) improves as losses become earnings

Tenet Healthcare Corp. (NYSE: THC) shares moved up 1.7% to $46.36. The company late Monday said it swung to fourth-quarter earnings of $61 million, or 61 cents a share, from a loss of $24 million, or 24 cents a share, for the same period a year ago. Revenue rose to $4.47 billion versus $3.89 billion for the year-ago period. Adjusted earnings were $1.03 a share. Analysts polled by FactSet had expected adjusted income of $1.18 a share on revenue of $4.62 billion. Share volume was 284,000, compared to an all-day average of 368,000