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View All NewsAMN revenue up 5% in Q3
Third-quarter revenue rose 4.6% at AMN Healthcare Services Inc. (NYSE: AMN), the largest US healthcare staffing firm. Revenue in the firm’s largest segment, nurse and allied solutions, rose 5.6%.
The firm estimates that less than $2 million of revenue was lost in the quarter due to disruptions associated with the hurricanes.
| (US$ thousands) | Q3 2017 | Q3 2016 | % change |
| Revenue | $494,406 | $472,636 | 4.6% |
| Gross profit | $159,539 | $154,467 | 3.3% |
| Gross margin percentage | 32.3% | 32.7% | |
| Net income | $28,128 | $27,296 | 3.0% |
Quote
“Market conditions support continued growth, which is bolstered by gains in MSP and other strategic offerings,” said President and CEO Susan Salka. “Key long-term trends remain in our favor and are expected to increase clients’ need for innovative workforce solutions. These factors give us confidence that AMN Healthcare can maintain or improve revenue growth in 2018.”
Revenue by segment
| (US$ thousands) | Q3 2017 | Q3 2016 | % change |
| Nurse and allied solutions | $302,933 | $286,810 | 5.6% |
| Locum tenens solutions | $111,415 | $108,553 | 2.6% |
| Other workforce solutions | $80,058 | $77,273 | 3.6% |
Guidance
AMN forecast fourth-quarter revenue of between $498 million and $504 million, a projected year-over-year revenue increase of approximately 2% to 3%.
Share price and market cap
Shares in AMN rose 0.98% to $41.05 as of 1:19 p.m. Eastern time. The company had a market cap of $1.97 billion.