PEACHTREE CORNERS, Ga. (AP) _ Crawford & Co. (CRD.A) on Monday reported a second-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.
The Peachtree Corners, Georgia-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 20 cents per share.
The provider of claims management services to insurance companies posted revenue of $293.2 million in the period. Its adjusted revenue was $279 million.
Crawford expects full-year earnings in the range of 78 cents to 88 cents per share, with revenue in the range of $1.07 billion to $1.12 billion.
Crawford shares have fallen almost 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.35, a rise of 12 percent in the last 12 months.