Charles River Associates (CRAI) Tops Q4 EPS by 21c, FY Revenue Guidance Beats

Charles River Associates (NASDAQ: CRAI) reported Q4 EPS of $0.84, $0.21 better than the analyst estimate of $0.63. Revenue for the quarter came in at $108.8 million versus the consensus estimate of $103.2 million.

GUIDANCE:

Charles River Associates sees FY2019 revenue of $430-445 million, versus the consensus of $428.9 million.

• “In 2019, we look to build on our trend of broad-based, profitable growth while striving to be the firm of choice for our clients’ most important litigation, regulatory, and strategic challenges. For the full-year fiscal 2019, on a constant currency basis relative to fiscal 2018, we expect revenue in the range of $430 million to $445 million, and non-GAAP EBITDA margin in the range of 9.2% to 10.2%. While we are pleased with CRA’s strong performance in 2018, we remain mindful that uncertainties around global economic and political conditions can affect our business,” Maleh concluded.

For earnings history and earnings-related data on Charles River Associates (CRAI) click here.

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