Charles River Associates (CRAI) Declares $0.17 Quarterly Dividend; 1.6% Yield
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Charles River Associates (CRAI) & CBIZ Inc. (CBZ) Deliver Strong Q4 Earnings to Fuel Early Consulting Stocks Gains
February 15, 2018 10:32 AM ESTCharles River Associates (CRAI) Reports Q4 EPS of $0.70, Beats on Revenues; Offers FY18 Revenue Outlook Above Consensus
February 15, 2018 8:16 AM ESTNote: EPS may not be comparable
Charles River Associates (NASDAQ: CRAI) reported Q4 EPS of $0.70, versus $0.37 reported last year. Revenue for the quarter came in at $97 million versus the consensus estimate of $89.6 million.
Key Fourth-Quarter Fiscal 2017 Highlights
Revenue grew 22% year over year to $97.0 million, driven by an increase in companywide utilization to 75% compared with 71% in the fourth quarter of fiscal 2016 and quarter-end headcount growth of 17%.GAAP net loss was $2.3 million, or 2.3% of revenue, or a loss of $0.28 per diluted share for a decrease of 210% year over year. Excluding the effects of... More