Cross Country: 3Q Earnings Snapshot

November 5, 2019 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCRN at https://www.zacks.com/ap/CCRN