Cross Country: 2Q Earnings Snapshot

August 1, 2018

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.


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

Update hourly