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Cross Country Healthcare reports $162.9 million for third quarter 2006

Published in Pharma Investments, Ventures and Law Weekly, December 10th, 2006

Cross Country Healthcare, Inc. (CCRN) reported revenue of $162.9 million and net income of $0.1 million, or $0.00 per diluted share for the third quarter ended September 30, 2006.

Net income for the third quarter was negatively impacted by a previously disclosed after-tax charge of approximately $5.4 million, or $0.17 per diluted share, related to the settlement of a lawsuit. Excluding this charge, the Company had net income of $5.5 million, or $0.17 per diluted share. A year earlier, the company had revenue of $163.1 million and net income of $5.0 million, or $0.15 per diluted share in the third quarter of 2005. Cash flow from operations for the third quarter of 2006...

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