NYSE:AMNHealthcare
AMN Healthcare Services (AMN) Stock Jump Masks One Off Profit Boost
AMN Healthcare Services just ripped 17% higher to about US$36, yet the headline from this quarter is not a clean growth story. Revenue landed at US$673.2m with adjusted EBITDA margin at 10.9%, helped by roughly US$27m of one time items that lifted reported profit and margins.
The market is reacting to a sharp improvement from last year and a lower trailing P/E, while largely brushing past how much of this quarter’s strength came from non recurring boosts. The real question for you is how...