Charles River Associates Announces Third-Quarter Results

Charles River Associates CRAI today announced financial results for its fiscal third quarter, the sixteen weeks ended September 3, 2010. Revenue for the third quarter of fiscal 2010 was $84.6 million, compared with $89.3 million for the third quarter of fiscal 2009. Non-GAAP revenue for the third quarter of fiscal 2010 was $82.4 million, compared with $86.3 million in the same period of fiscal 2009. Net income for the third quarter of fiscal 2010 was $2.1 million, or $0.19 per diluted share, compared with net income of $2.6 million, or $0.24 per diluted share, in the same period a year ago. GAAP net income this quarter included a pre-tax expense of $1.8 million associated with restructuring, a $704,000 related tax benefit, and a $56,000 net loss associated with NeuCo. GAAP net income for the third quarter of fiscal 2009 included a $478,000 net loss associated with NeuCo. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.