PEACHTREE CORNERS, Ga. (AP) _ Crawford & Co. (CRD.A) on Tuesday reported a first-quarter loss of $11.4 million, after reporting a profit in the same period a year earlier.
The Peachtree Corners, Georgia-based company said it had a loss of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The provider of claims management services to insurance companies posted revenue of $246 million in the period. Its adjusted revenue was $237.5 million.
Crawford shares have dropped 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.78, a drop of 24% in the last 12 months.