AMN Healthcare Services Inc (NYSE: AMN) saw its stock soar 12.64% in pre-market trading on Friday, following the release of its first-quarter 2025 financial results that significantly exceeded analyst expectations. The healthcare staffing company reported adjusted earnings per share of $0.45, more than doubling the Wall Street consensus estimate of $0.21.

The company's revenue for the quarter came in at $689.53 million, surpassing analysts' projections of $670.08 million. This performance is particularly noteworthy given the challenging environment AMN has been facing, with its stock having fallen 19.8% over the past quarter and 18% year-to-date prior to this earnings release.

Despite the positive surprise, it's important to note that AMN's results still show a decline compared to the same period last year, with revenue falling 16% year-over-year. However, the market appears to be reacting positively to AMN's ability to outperform lowered expectations, as the mean earnings estimate had fallen by about 33.2% over the last three months. This earnings beat may signal to investors that the company is managing its challenges better than anticipated, potentially setting the stage for improved performance in the coming quarters.