Revenue Update on CRA International(NASDAQ:CRAI)

CRA International(NASDAQ:CRAI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $82.52M. Analysts estimated a revenue of $78.69M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.35.

CRA International (CRAI) shares turned negative on Thursdays trading session with the shares closing down -0.44 points or -1.61% at a volume of 23,776. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.44. The peak price level was also seen at $27.44 while the days lowest was $26.82. Finally the shares closed at $26.92. The 52-week high of the shares is $28.05 while the 52-week low is $16.25. According to the latest information available, the market cap of the company is $241 M.

Several Insider Transactions has been reported to the SEC. On Feb 24, 2015, Arnold J Lowenstein (EVP, Chief Strategy Officer) sold 2,000 shares at $32.33 per share price.

CRA International Inc. is a global consulting firm. The Company offers consulting services in two areas: litigation regulatory and financial consulting and management consulting. It provides consulting services to corporate clients and attorneys in a range of litigation and regulatory proceedings providing research and analysis testimony and support in litigation and regulatory proceedings in all areas of finance accounting economics insurance and forensic accounting and investigations. The Company offers services such as strategy development performance improvement corporate strategy and portfolio analysis estimation of market demand new product pricing strategies valuation of intellectual property and other assets assessment of competitors’ actions and analysis of new sources of supply. The Company’s subsidiary NeuCo Inc. develops and markets a family of neural network software tools and application consulting services which are focused on electric utilities.

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