AMN Healthcare Services Inc (NYSE: AMN) saw its stock price surge 14.76% in after-hours trading on Thursday, following the release of its first-quarter 2025 financial results that significantly surpassed analyst expectations.

The healthcare staffing company reported an adjusted earnings per share (EPS) of $0.45, more than doubling the consensus estimate of $0.21. This impressive beat represents a 114.29% surprise to the upside, although it marks a 53.61% decrease from the same period last year. Revenue for the quarter came in at $689.5 million, outpacing the analyst forecast of $670.1 million by 2.90%. Despite beating estimates, this figure represents a 16% year-over-year decline from $820.88 million in Q1 2024.

Other key financial metrics from the earnings report include a gross margin of 28.7% and an operating margin of 1.8%. While the company's EPS on a GAAP basis was -$0.03, the market appears to be focusing on the adjusted figures and the company's ability to exceed expectations in a challenging environment. The strong performance, particularly in earnings, seems to have reignited investor confidence in AMN Healthcare's business model and growth prospects, driving the significant after-hours stock price increase.