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Cross Country reports 1Q loss

BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported a first-quarter loss of $2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Boca Raton, Florida-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The provider of health care staffing and workforce management services posted revenue of $207.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $212.4 million.

For the current quarter ending in July, Cross Country expects its per-share earnings to range from 8 cents to 10 cents.

The company said it expects revenue in the range of $207 million to $212 million for the fiscal second quarter.

Cross Country shares have decreased roughly 9 percent since the beginning of the year. The stock has increased 16 percent in the last 12 months.

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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

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Keywords: Cross Country Healthcare, Earnings Report