Cross Country: Q4 Earnings Snapshot

BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — Cross Country Healthcare Inc. (CCRN) on Wednesday reported fourth-quarter profit of $9 million.

The Boca Raton, Florida-based company said it had net income of 26 cents per share. Earnings, adjusted for one-time gains and costs, came to 29 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The provider of health care staffing and workforce management services posted revenue of $414 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $402.4 million.

For the year, the company reported profit of $72.6 million, or $2.05 per share. Revenue was reported as $2.02 billion.

For the current quarter ending in March, Cross Country expects its per-share earnings to range from 15 cents to 25 cents.

The company said it expects revenue in the range of $370 million to $380 million for the fiscal first quarter.

Cross Country shares have declined 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.02, a drop of 35% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CCRN at