AMN Healthcare Services Inc. (AMN) has reported a profit drop for their fourth quarter when compared to the same period in the previous year. However, the results still exceeded the market expectations.
The company's net income stood at $12.49 million, equivalent to $0.33 per share. This figure depicts a significant decrease from the $81.80 million, or $1.88 per share, recorded in the final quarter of the previous year.
Once you set aside other factors, AMN Healthcare Services Inc. announced adjusted earnings valued at $50.36 million, translating to $1.32 per share for this period.
Market analysts had projected a mean company earning of $1.25 per share, according to data gathered by Thomson Reuters. It's noteworthy that these estimates generally do not consider any extraordinary items.
The company's revenue for the quarter declined by 27.6% to $818.27 million, down from $1.13 billion reported the previous year.
A snapshot of AMN Healthcare Services Inc. earnings as per the Generally Accepted Accounting Principles (GAAP) includes:
- Earnings for Q4 were at $12.49 million compared to $81.80 million last year.
- Earnings Per Share (EPS) for Q4 was $0.33, a nosedive from $1.88 in the previous year.
- Average Analyst Estimates stood at $1.25.
- Revenue for Q4 was $818.27 million, a significant decrease from $1.13 billion recorded last year.
The company also issued a guideline predicting revenue to be between $810 million to $830 million in the next quarter.
