BOCA RATON, Fla. (AP) _ Cross Country Healthcare Inc. (CCRN) on Wednesday reported first-quarter earnings of $62 million.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of $1.63. Earnings, adjusted for asset impairment costs and restructuring costs, came to $1.70 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The provider of health care staffing and workforce management services posted revenue of $788.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $743.6 million.
For the current quarter ending in July, Cross Country expects its per-share earnings to range from $1.30 to $1.40.
The company said it expects revenue in the range of $735 million to $745 million for the fiscal second quarter.
Cross Country shares have fallen 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.36, a climb of 40% 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
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