Charles River Associates (CRAI) Declares $0.14 Quarterly Dividend; 1.5% Yield

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Go back to Charles River Associates (CRAI) Declares $0.14 Quarterly Dividend; 1.5% Yield

Charles River Associates (CRAI) Misses Q1 EPS by 1c, Beats on Revenues; Reaffirms FY17 Revenue Guidance above Mid-Point Est.

May 4, 2017 8:13 AM EDT

Charles River Associates (NASDAQ: CRAI) reported Q1 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $88.2 million versus the consensus estimate of $84.35 million.

GUIDANCE:

Charles River Associates sees FY2017 revenue of $350-360 million, versus the consensus of $350 million

Outlook and Financial Guidance

We are encouraged by our recent acquisition of C1 and the positive trends we are seeing in project originations across the firm. For fiscal 2017, on a constant currency basis relative to fiscal 2016, we are reaffirming our previous guidance of non-GAAP... More