CRA International Sees FY23 Revenue $610M-$620M Vs $630.29M Est.
Portfolio Pulse from Benzinga Newsdesk
CRA International has lowered its revenue and profit guidance for FY23 due to uncertainties in the broader economy. The company now expects revenue in the range of $610.0 million to $620.0 million, down from the previous range of $625.0 million to $640.0 million. Despite this, the company has raised its quarterly cash dividend by 17%.
November 02, 2023 | 12:14 pm
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CRA International has lowered its FY23 revenue guidance, which could negatively impact investor sentiment. However, the increase in the quarterly cash dividend could offset some of this negative impact.
The lowering of revenue guidance indicates potential challenges in the company's performance, which could negatively impact the stock price. However, the increase in the dividend could be seen as a positive signal of the company's financial health, potentially offsetting some of the negative impact.
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