Charles River Associates (CRAI) Tops Q2 EPS by 7c; Raises Outlook

Charles River Associates (NASDAQ: CRAI) reported Q2 EPS of $0.48, $0.07 better than the analyst estimate of $0.41. Revenue for the quarter came in at $93.6 million versus the consensus estimate of $88.77 million.

Outlook and Financial Guidance

“We are increasing our fiscal 2017 revenue expectations to reflect our strong performance in the first half of the year,” Maleh said. “To summarize, year-to-date non-GAAP revenue on a constant currency basis relative to the first half of fiscal 2016 is $185.6 million, including a $3.9 million adjustment for currency headwinds. Similarly, year-to-date non-GAAP Adjusted EBITDA is $30.1 million, including a $0.9 million adjustment for currency headwinds, or 16.2% of non-GAAP revenue on a constant currency basis.” On a constant currency basis relative to fiscal 2016, CRA is increasing its previous fiscal 2017 guidance for non-GAAP revenue to the range of $360 million to $370 million, and reaffirming non-GAAP Adjusted EBITDA margin in the range of 15.8% to 16.6%."

For earnings history and earnings-related data on Charles River Associates (CRAI) click here.

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