November 2, 2009 / 10:53 PM / 10 years ago

UPDATE 1-Cross Country Q3 profit beats mkt, sees Q4 EPS in line

* Q3 EPS $0.03 vs est $0.02

* Q3 rev drops 27 pct

* Sees Q4 EPS $0.02- $0.04 vs est $0.03

* Sees Q4 rev $120 mln-$123 mln vs est $137.1 mln

Nov 2 (Reuters) - Healthcare staffing provider Cross Country Healthcare Inc (CCRN.O) posted a better-than-expected quarterly profit, citing improvement in contract booking within nursing and allied staffing business, and forecast fourth-quarter earnings in line with estimates.

Cross Country expects fourth-quarter earnings of 2 cents to 4 cents a share, on revenue of $120 million to $123 million, the company said in a statement.

Analysts were expecting earnings of 3 cents a share on revenue of $137.1 million.

For the third quarter, the company reported net income of $968,000, or 3 cents a share, compared with $6.2 million, or 20 cents a share, a year ago.

Revenue fell 27 percent to $129.6 million.

Analysts expected earnings of 2 cents a share on revenue of $132.4 million.

Shares of the company closed at $8.07 Monday on the Nasdaq. (Reporting by Fareha Khan in Bangalore)

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