Cross Country: 2Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported second-quarter net income of $1.5 million.
The Boca Raton, Florida-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The provider of health care staffing and workforce management services posted revenue of $204.6 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $208.9 million.
For the current quarter ending in October, Cross Country expects its per-share earnings to range from 2 cents to 4 cents.
The company said it expects revenue in the range of $195 million to $205 million for the fiscal third quarter.
Cross Country shares have decreased 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.86, a decrease of roughly 3 percent in the last 12 months.