Reuters - Jun 09, 2009CRA International, Inc (CRAI)
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Sean Jackson
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Avondale Partners* Q2 adj EPS $0.31 vs est $0.28 . * Revenue, ex items, $69.3 mln vs est $67.9 mln * Sees increased activity in FY 2009 in Middle East * Shares rise as much as 13 pct (Adds analysts' comments, background; updates share movement) By Abhinav Sharma BANGALORE, (Reuters) ,
CRA International Inc ( CRAI.O ) posted better than expected quarterly results helped by more projects in the Middle East, sending shares of the business and legal consultancy company up as much as 13 percent. Chief Executive James Burrows expects the increased level of activity to continue for the remainder of the fiscal year in the Middle East region.
"They have signed some fairly decent sized deals recently, and I think the differentiator in the Middle East business is little more visible right now because the deals are long term deals," said Avondale Partners analyst Sean Jackson. Jackson also expects the company to benefit from measurable improvement in litigation and court cases, a business that is seeing headwinds now.
Share:
* Q2 adj EPS $0.31 vs est $0.28 . * Revenue, ex items, $69.3 mln vs est $67.9 mln * Sees increased activity in FY 2009 in Middle East * Shares rise as much as 13 pct (Adds analysts' comments, background; updates share movement) By Abhinav Sharma BANGALORE, (Reuters) , <span class="company">CRA International Inc</span> ( CRAI.O ) posted better than expected quarterly results helped by more projects in the Middle East, sending shares of the business and legal consultancy company up as much as 13 percent. Chief Executive James Burrows expects the increased level of activity to continue for the remainder of the fiscal year in the Middle East region. <span class="sent"> "They have signed some fairly decent sized deals recently, and I think the differentiator in the Middle East business is little more visible right now because the deals are long term deals," said Avondale Partners analyst <span class="analyst">Sean Jackson</span>. </span> Jackson also expects the company to benefit from measurable improvement in litigation and court cases, a business that is seeing headwinds now.
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