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Cross Country: 1Q Earnings Snapshot

BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported a first-quarter loss of $1.8 million, after reporting a profit in the same period a year earlier.

The Boca Raton, Florida-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The provider of health care staffing and workforce management services posted revenue of $195.2 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $198.2 million.

For the current quarter ending in July, Cross Country expects its results to range from a loss of 1 cent per share to earnings of 1 cent per share.

The company said it expects revenue in the range of $197 million to $202 million for the fiscal second quarter.

Cross Country shares have declined 4.5% since the beginning of the year. The stock has declined 45% 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