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Cross Country: Q2 Earnings Snapshot

Cross Country: Q2 Earnings Snapshot

By AP News
Published - Aug 01, 2024, 02:15 AM ET
Last Updated - Aug 01, 2024, 02:15 AM EDT

BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — Cross Country Healthcare Inc. (CCRN) on Wednesday reported a second-quarter loss of $16.1 million, after reporting a profit in the same period a year earlier.

The Boca Raton, Florida-based company said it had a loss of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The provider of health care staffing and workforce management services posted revenue of $339.8 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $334.3 million.

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