Stock Track | AMN Healthcare Stock Plunges Despite Q3 Earnings Beat

Stock Track

Nov 08, 2024

Shares of AMN Healthcare Services Inc (NYSE: AMN) plummeted over 6% in after-hours trading on Tuesday, despite the company reporting better-than-expected third-quarter earnings and revenue.

The healthcare staffing and workforce solutions provider reported adjusted earnings per share of $0.61, surpassing the consensus estimate of $0.57. Additionally, revenue came in at $687.5 million, beating analysts' expectations of $671.4 million. However, the top line marked a significant 19.44% decline compared to the same period last year.

While AMN Healthcare exceeded Wall Street's expectations, the steep year-over-year revenue decline appears to have raised concerns among investors, overshadowing the earnings beat. The revenue drop could be attributed to various factors, such as a potential slowdown in demand for healthcare staffing services, increased competition, or changes in industry dynamics.

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Additionally, revenue came in at $687.5 million, beating analysts' expectations of $671.4 million. However, the top line marked a significant 19.44% decline compared to the same period last year.</p>\n\n<p>While AMN Healthcare exceeded Wall Street's expectations, the steep year-over-year revenue decline appears to have raised concerns among investors, overshadowing the earnings beat. The revenue drop could be attributed to various factors, such as a potential slowdown in demand for healthcare staffing services, increased competition, or changes in industry dynamics.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMN","symbol_name":"AMN医疗服务","start_time":0,"source_url":"","article_id":"1156901253","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156901253","pubTimestamp":1731024861,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of AMN Healthcare Services Inc  plummeted over 6% in after-hours trading on Tuesday, despite the company reporting better-than-expected third-quarter earnings and revenue.The healthcare staffing and workforce solutions provider reported adjusted earnings per share of $0.61, surpassing the consensus estimate of $0.57. 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