Key Developments For Cross Country Healthcare, Inc.
Cross Country Healthcare, Inc. (CCRN.O) (Nasdaq)
Cross Country Healthcare, Inc. Issues Q4, FY 2009 Outlook; Revenue Outlook Below Analysts' Estimates
Cross Country Healthcare, Inc. announced that for fourth quarter of 2009, it expects revenue to be in the range of $120-$123 million and earnings per diluted share (EPS) to be in the range of $0.02-$0.04. For fiscal 2009, it expects revenue to be in the range of $574-$577 million and EPS to be in the range of $0.22-$0.24. According to Reuters Estimates, analysts were expecting the Company to report revenues of $137 million and EPS of $0.03 for fourth quarter of 2009 and revenues of $594 million and EPS of $0.22 for fiscal 2009.
Cross Country Healthcare, Inc. Issues Q3 2009 Outlook Below Analysts' Estimates
Cross Country Healthcare, Inc. announced that for the third quarter of 2009, it expects revenue to be in the $130 million to $133 million range and earnings per diluted share (EPS) to be in the range of $0.00 to $0.02. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $148 million and EPS of $0.05 for the third quarter of 2009.
Cross Country Healthcare, Inc. Issues Q2 2009 Guidance Below Analysts' Estimates
Cross Country Healthcare, Inc. announced that for the second quarter of 2009, it expects revenue to be in the $153-$156 million range and earnings per diluted share (EPS) to be in the range of $0.04-$0.06. According to Reuters Estimates, analysts were expecting the Company to report revenue of $175 million and EPS of $0.12 for the same period.
Cross Country Healthcare, Inc. Issues Q1 2009 Guidance Below Analysts' Estimates
Cross Country Healthcare, Inc. announced that for first quarter of 2009, it expects revenue to be in the $173-$176 million range and earnings per diluted share (EPS) to be in the range of $0.08 to $0.10. Historically, the gross profit margin in the Company's nurse and allied staffing business declines sequentially from the fourth quarter to the first quarter due to the reset of payroll taxes, as well as two less days in the first quarter of 2009. This combination typically results in a sequential decrease in earnings of approximately $0.04 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $197 million and EPS of $0.14 for the same period.
Cross Country Healthcare, Inc. Issues Q4, FY 2008 Outlook Below Analysts' Estimates
Cross Country Healthcare, Inc. announced that for fourth quarter of 2008, it expects revenue to be in the range of $195-$199 million and earnings per diluted share (EPS) to be in the range of $0.15-$0.17. For fiscal 2008, it expects revenue to be in the range of $723-$727 million and EPS to be in the range of $0.74-$0.76. According to Reuters Estimates, analysts were expecting the Company to report revenues of $209 million and EPS of $0.23 for fourth quarter of 2008 and revenues of $740 million and EPS of $0.82 for fiscal 2008.
