Charles River Associates Revises Preliminary Unaudited Earnings Guidance for the Year Ended January 2, 2016
January 22, 2016 at 08:00 am
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Charles River Associates revised preliminary unaudited earnings guidance for the year ended January 2, 2016. Based on preliminary unaudited financial data and subject to the final closing of the company's books, for the full 2015 fiscal year, the company expects non-GAAP revenue in the range of $305 million to $307 million and non-GAAP adjusted EBITDA margin between 15.6% and 16.0%, each as determined on a constant currency basis relative to fiscal 2014. This non-GAAP revenue and adjusted EBITDA margin, if determined without the constant currency assumption, would be lower by approximately $6.3 million and 15 basis points, respectively.
This updated guidance compares with company's previous full-year fiscal 2015 guidance of non-GAAP revenue in the range of $312 million to $320 million and non-GAAP adjusted EBITDA margin between 16.3% to 16.7%, each as determined on a constant currency basis relative to fiscal 2014.
CRA International, Inc. is a global consulting firm specializing in providing economic, financial and management consulting services. It 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, expert testimony, and support in litigation and regulatory proceedings in all areas of finance, accounting, economics, insurance, and forensic accounting and investigations. It also uses its expertise in economics, finance, and business to offer law firms, businesses, and government agencies services. Its management consulting services include strategy development, performance improvement, corporate strategy and portfolio analysis, estimation of market demand, new product pricing strategies, survey and market research, valuation of intellectual property and other assets and others.