Charles River Associates Sees FY23 $625M-$640M
Portfolio Pulse from Benzinga Newsdesk
Charles River Associates (CRAI) has updated its full-year fiscal 2023 guidance, expecting revenue in the range of $625.0 million to $640.0 million and non-GAAP EBITDA margin in the range of 11.0% to 11.7%. This is an increase from the previous guidance of $615 million to $640 million in revenue and 10.8% to 11.5% in non-GAAP EBITDA margin. However, the company remains cautious due to uncertainties in global economic, business, health, and geopolitical conditions.
August 04, 2023 | 1:14 pm
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Charles River Associates has raised its FY23 guidance, which could positively impact its stock price. However, the company's caution about global uncertainties could temper investor enthusiasm.
Companies often see a positive reaction in their stock price when they raise their financial guidance, as it signals stronger than expected performance. However, the company's caution about global uncertainties could introduce some volatility and temper the positive impact.
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