Charles River Associates (CRA) Reports Financial Results for the Third Quarter Of 2020
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Charles River Associates (CRAI) Tops Q3 EPS by 22c, Revenues Beat
October 29, 2020 8:20 AM EDTCharles River Associates (NASDAQ: CRAI) reported Q3 EPS of $0.76, $0.22 better than the analyst estimate of $0.54. Revenue for the quarter came in at $121.8 million versus the consensus estimate of $119.75 million.
Key Third-Quarter Fiscal 2020 Highlights
Revenue grew 5.3% year over year to $121.8 million.Utilization was 69%, while quarter-end headcount increased 11.5% year over year.Net income was $5.4 million, or 4.4% of revenue, compared with $5.7 million, or 5.0% of revenue, in the third quarter of fiscal 2019; non-GAAP net income was $6.1 million, or 5.0% of revenue, compared with $7.9 million, or 6.9% of revenue, in the third quarter of fiscal 2019.Earnings... More