Shares of CRA International Inc (CRAI) are soaring 5.27% in Thursday's trading session, following the company's impressive third-quarter results, raised full-year guidance, and a significant dividend increase. The consulting firm's performance has exceeded analyst expectations, showcasing robust growth across multiple business segments.
CRA reported a Q3 adjusted earnings per share of $2.06, surpassing the consensus estimate of $1.80 and marking a 16.38% increase from the same period last year. Revenue for the quarter rose 10.8% year-over-year to $185.9 million, also beating analyst projections of $179.4 million. The company's strong performance was driven by double-digit revenue growth in several key practices, including Antitrust & Competition Economics, Energy, Finance, and Intellectual Property.
In light of the strong results, CRA has raised its full-year fiscal 2025 revenue guidance to a range of $740.0 million to $748.0 million, up from the previous range of $730.0 million to $745.0 million. Additionally, the company announced a 16% increase in its quarterly cash dividend to $0.57 per share, further bolstering investor confidence. The robust performance of CRA's international operations, which grew by 30.3% year-over-year, has also contributed to the positive market reaction.