Cross Country: 3Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Tuesday reported a loss of $3.1 million in its third quarter.
The Boca Raton, Florida-based company said it had a loss of 9 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The provider of health care staffing and workforce management services posted revenue of $209.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $202.7 million.
For the current quarter ending in December, Cross Country expects its per-share earnings to range from 5 cents to 7 cents.
The company said it expects revenue in the range of $205 million to $210 million for the fiscal fourth quarter.
Cross Country shares have risen 55% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.35, a climb of 32% in the last 12 months.