Published on 2 Apr 2024 on Zacks via Yahoo Finance
Charles River's (CRAI) Diversification Fuels Growth Globally
CRA International, Inc. CRAI, or Charles River Associates, has had an impressive run over the past year. The stock has jumped 36.5%, outperforming 23.3% growth of the industry it belongs to and the 27.6% rise of the Zacks S&P 500 composite.
CRAI reported better-than-expected fourth-quarter 2023 results. Earnings per share (excluding 1 cent from non-recurring items) were $1.63, which surpassed the Zacks Consensus Estimate by 48.2% and increased 37% year over year. Revenues of $161.6 million beat the consensus mark by 8.1% and increased 11.5% from the year-ago quarter.
How Is CRAI Doing?