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View All NewsAMN revenue above guidance in Q2, trends strengthen
Second-quarter revenue fell 1.2 percent at AMN Healthcare Service Inc. (NYSE: AHS) to $250.9 million with declines in nurse and allied staffing as well as physician permanent placement services. Revenue was above guidance, and AMN’s gross margin improved to 30.8 percent from 29.3 percent in the year-ago quarter.
Net income at the San Diego-based healthcare staffing firm fell 14.4 percent to $7.2 million.
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“Market trends strengthened across all of our segments as we progressed through the second quarter, contributing to a stronger-than-expected performance and a brighter outlook for the remainder of the year,” said AMN President and CEO Susan Salka.
Revenue
Q2 2014 ($000s) | Q2 2013 ($000s) | % growth | |
Revenue | $250,913 | $253,943 | -1.2% |
Revenue by segment
Q2 2014 ($000s) | Q2 2013 ($000s) | % growth | |
Nurse and allied healthcare staffing | $165,894 | $170,138 | -2.5% |
Locum tenens staffing | $74,309 | $72,708 | 2.2% |
Physician permanent placement services | $10,710 | $11,097 | -3.5% |
Gross margin
Q2 2014 | Q2 2013 | |
Gross margin | 30.8% | 29.3% |
Gross margin by segment
Q2 2014 | Q2 2013 | |
Nurse and allied healthcare staffing | 29.1% | 27.2% |
Locum tenens staffing | 29.8% | 29.0% |
Physician permanent placement services | 63.5% | 62.7% |
Net income
Q2 2014 ($000s) | Q2 2013 ($000s) | % growth | |
Net income | $7,193 | $8,399 | -14.4% |
Guidance
AMN forecast third-quarter revenue of $254 million to $258 million, a year-over-year decrease of 1.2 percent to an increase of 0.4 percent.
Share price and market cap
Shares in AMN rose 5.27 percent in early afternoon trading to $13.79. The company had a market cap of $641.23 million.