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Cross Country: 3Q Earnings Snapshot

BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Thursday reported a third-quarter loss of $441,000, after reporting a profit in the same period a year earlier.

The Boca Raton, Florida-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 2 cents per share.

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

The provider of health care staffing and workforce management services posted revenue of $200.7 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $200.5 million.

For the current quarter ending in December, Cross Country expects its per-share earnings to range from 1 cent to 3 cents.

The company said it expects revenue in the range of $195 million to $205 million for the fiscal fourth quarter.

Cross Country shares have decreased 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.47, a drop of 31 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