AMN Healthcare 1Q earnings, sales beat Street; 2Q EPS view falls short

Wed. May 07, 2008; Posted: 05:25 PM

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NEW YORK, May 08, 2008 (Thomson Financial via COMTEX) -- AHS | news | PowerRating | PR Charts -- AMN Healthcare Services Inc. late Wednesday said first-quarter net earnings rose to $9.5 million, or 28 cents a share, from $8.2 million, or 23 cents a share.

Analysts polled by Thomson Reuters, on average, expected a profit of 25 cents a share.

Revenue rose 3.4% to $293.6 million from $283.9 million, slightly above the $293.1 million mean estimate.

The San Diego-based healthcare staffing company said it sees second-quarter earnings of 26 cents to 28 cents a share on sales of $313 million to $316 million. Wall Street is looking for earnings of 29 cents a share on $306.9 million in sales for the June-ended period.

AMN Healthcare backed its 2008 earnings growth view of 11% to 16% on sales growth of 7% to 12%.

The company's board also authorized up to $38 million in share repurchases. Michelle Rama mr/gm

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For full details on Amn Healthcare (AHS) click here. Amn Healthcare (AHS) has Short Term PowerRatings of 6. Details on Amn Healthcare (AHS) Short Term PowerRatings is available at This Link.

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