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Cross Country misses 2Q revenue forecasts

BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported second-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Boca Raton, Florida-based company said it had net income of 13 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 16 cents per share.

The provider of health care staffing and workforce management services posted revenue of $209.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $210 million.

For the current quarter ending in October, Cross Country expects its per-share earnings to range from 16 cents to 19 cents.

The company said it expects revenue in the range of $227 million to $232 million for the fiscal third quarter.

Cross Country shares have decreased 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.66, a decline of 21 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


Keywords: Cross Country Healthcare, Earnings Report