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.
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