Charles River Associates (CRA) Reports Fourth-quarter and Full-year 2019 Financial Results

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CRA International (CRAI) Misses Q4 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

February 27, 2020 8:10 AM EST

CRA International (NASDAQ: CRAI) reported Q4 EPS of $0.77, $0.01 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $119.3 million versus the consensus estimate of $117.13 million.

Key Fourth-Quarter Fiscal 2019 Highlights

Revenue grew 9.7% year over year to $119.3 million.Utilization was 72%, while quarter-end headcount increased 13.4% year over year.Net income, earnings per diluted share, and non-GAAP EBITDA for the fourth quarter of 2019 were negatively impacted by a foreign currency loss of approximately $920,000 related to net losses on foreign denominated transactions and the revaluation of working capital balances.Net income... More