CRA International (CRAI) Releases Earnings Results, Beats Expectations By $0.05 EPS

CRA International (CRAI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.35. The company posted revenue of $82.60 million in the period, compared to analysts expectations of $78.69 million. The company’s revenue was up 7.9% compared to the same quarter last year.

CRA International opened for trading at $26.5 and hit $27.75 on the upside on Thursday, eventually ending the session at $27.7, with a gain of 5.48% or 1.44 points. The heightened volatility saw the trading volume jump to 72,123 shares. Company has a market cap of $248 M.

In a different news, on Feb 24, 2015, Arnold J Lowenstein (EVP, Chief Strategy Officer) sold 2,000 shares at $32.33 per share price.

CRA International Inc. is a global consulting firm. The Company offers consulting services in two areas: litigation regulatory and financial consulting and management consulting. It provides consulting services to corporate clients and attorneys in a range of litigation and regulatory proceedings providing research and analysis testimony and support in litigation and regulatory proceedings in all areas of finance accounting economics insurance and forensic accounting and investigations. The Company offers services such as strategy development performance improvement corporate strategy and portfolio analysis estimation of market demand new product pricing strategies valuation of intellectual property and other assets assessment of competitors’ actions and analysis of new sources of supply. The Company’s subsidiary NeuCo Inc. develops and markets a family of neural network software tools and application consulting services which are focused on electric utilities.

CRA International

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