Charles River Associates (CRA) Reports Financial Results for the First Quarter Of 2021
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq futures jump 2% as Micron, Qualcomm forecasts ease AI concerns; PCE data awaited
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
Charles River Associates (CRAI) Tops Q1 EPS by 54c, Revenues Beat
May 6, 2021 8:14 AM EDTCharles River Associates (NASDAQ: CRAI) reported Q1 EPS of $1.37, $0.54 better than the analyst estimate of $0.83. Revenue for the quarter came in at $146.5 million versus the consensus estimate of $128.67 million.
Key First-Quarter Fiscal 2021 Highlights
Revenue grew 16.1% year over year to $146.5 million.Utilization was 76%, and quarter-end headcount increased 4.8% year over year.Net income increased 62.4% year over year to $10.5 million, or 7.2% of revenue, compared with $6.5 million, or 5.1% of revenue, in the first quarter of fiscal 2020; non-GAAP net income increased 58.9% year over year to $10.8 million, or 7.4% of revenue, compared with $6.8 million, or 5.4% of revenue,... More