Cross Country Healthcare Announces Third Quarter 2024 Financial Results
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Cross Country Healthcare, Inc. (Nasdaq: CCRN) reported its Q3 2024 financial results, showing a 29% decrease in revenue compared to Q3 2023 and a 7% decrease from Q2 2024. The gross profit margin decreased by 160 basis points year-over-year and 40 basis points quarter-over-quarter. Net income attributable to common stockholders fell by 80% year-over-year but increased by 116% from the previous quarter.
November 06, 2024 | 9:30 pm
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Cross Country Healthcare's Q3 2024 results show a significant decline in revenue and gross profit margin year-over-year, with net income also dropping sharply. However, net income improved from the previous quarter.
The significant year-over-year decline in revenue and net income suggests potential challenges for CCRN, likely leading to negative investor sentiment. However, the quarter-over-quarter improvement in net income may provide some optimism.
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