Cross Country: 4Q Earnings Snapshot

·1 min read

BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported fourth-quarter net income of $4.6 million, after reporting a loss in the same period a year earlier.

The Boca Raton, Florida-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The provider of health care staffing and workforce management services posted revenue of $215.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $191.7 million.

For the year, the company reported that its loss narrowed to $13 million, or 36 cents per share. Revenue was reported as $836.4 million.

For the current quarter ending in April, Cross Country expects its per-share earnings to range from 32 cents to 37 cents.

The company said it expects revenue in the range of $280 million to $295 million for the fiscal first quarter.

Cross Country shares have increased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.06, a climb of 3% 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