CRA International posts disappointing Q3
Shares of CRA International, Inc. (Nasdaq: CRAI) are crumbling after the provider of economic and management consulting services reported fiscal third quarter results this morning that declined from the year-ago quarter. Net income was practically halved from the year-ago quarter, while revenues also fell short of the consensus view on Wall Street, as the company grappled with the reduction of exiting certain lines of business in Australia and New Zealand totaling approximately $4.6 million.
Shares tumbled 27%, or $10.06, to $27.50 midday. For detailed price information and news stories on CRA International, click CRAI.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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