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Monday, Jan 30, 2023
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AMN Misses Forecast, Shares Drop

Shares of AMN Healthcare Services, the San Diego nurse staffing firm, declined by $1.44 to $8.99, a new 52-week low, on Oct. 31 after the firm released third-quarter results that fell short of earlier forecasts.

The company released its financial results after the market closed Oct. 30.

For the third quarter, AMN reported a net profit of $9.5 million, down 21 percent from the $12 million in net profit for the like period of 2007.

For the nine months, AMN’s net profit was $26.7 million, down from $28 million for the like period of 2007.

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Revenue increased for the quarter, to $315 million, a jump of 21 percent. For the three quarters, revenue was $921.3 million, up 4.9 percent.

Traded under AHS on the New York Stock Exchange, the stock lost 14 percent from the prior day’s closing price. Shares had ranged from $9.75 to $20.38 over the prior 52 weeks.

, Mike Allen

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