Cross Country: 2Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported a second-quarter loss of $51.7 million, after reporting a profit in the same period a year earlier.
The Boca Raton, Florida-based company said it had a loss of $1.44 per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The provider of health care staffing and workforce management services posted revenue of $202.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $199.5 million.
For the current quarter ending in October, Cross Country said it expects revenue in the range of $200 million to $205 million.
Cross Country shares have climbed 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.49, a decline of 19% in the last 12 months.