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Earnings roundup: Tenet Healthcare, Molson Coors

By Associated Press May 6, 2008 Comments (0)

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Among the earnings stories for Tuesday, May 6, from AP Financial News:

DALLAS (AP) _ Hospital operator Tenet Healthcare Corp., trying to turn around after years of battling financial and legal troubles, lost $31 million in the first quarter but showed it may be reversing a long slide in patient admissions.

DENVER (AP) _ Molson Coors Brewing Co., one of the world's largest brewers, on Tuesday reported a jump in first-quarter profit as its sales rose more than 10 percent on growth in its U.S. and Canadian businesses.

NEW YORK (AP) _ Pengrowth Corp. reported a steep loss for the first quarter as the energy trust lost money on contracts designed to lock in a certain price on a barrel of oil, the company said Tuesday.

PHILADELPHIA (AP) _ Shares of RAIT Financial Trust jumped Tuesday after the real estate investment trust reported a higher profit in the first quarter.

NEWTON, Mass. (AP) _ Hotel real estate investment trust Hospitality Properties Trust said Tuesday its first-quarter results edged up nearly 13 percent on higher rental income, narrowly beating Wall Street's expectations.

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