AMN Healthcare Services Inc. Q3 Profit Decreases, But Beats Estimates

AMN Healthcare Services

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(RTTNews) - AMN Healthcare Services Inc. (AMN) reported earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $7 million, or $0.18 per share. This compares with $53 million, or $1.39 per share, in last year's third quarter.

Excluding items, AMN Healthcare Services Inc. reported adjusted earnings of $23.3 million or $0.61 per share for the period.

Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.4% to $687.509 million from $853.463 million last year.

AMN Healthcare Services Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $7 Mln. vs. $53 Mln. last year. -EPS (Q3): $0.18 vs. $1.39 last year. -Revenue (Q3): $687.509 Mln vs. $853.463 Mln last year.

-Guidance: Next quarter revenue guidance: $685-$705 Mln