CRA International 3Q net income falls 21 percent
The consulting firm CRA International Inc. said its third-quarter net income fell 21 percent on a mix of lower revenue and restructuring and other charges.
The Boston company does business under the trade name Charles River Associates, providing management, economic and financial consulting.
CRA reported net income of $2.1 million, or 19 cents per share, for the three months ended Sept., down from $2.6 million, or 24 cents per share, a year ago.
Revenue fell 5 percent to $84.6 million from $89.3 million. Excluding charges, the company said it earned 30 cents per share. Analysts polled by Thomson Reuters expected net income of 30 cents per share on $84.2 million in revenue. Its shares rose 52 cents, or 3 percent, to $17.86 in midday trading.