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	<title>Stock Blog Hub &#187; LECG Corporation</title>
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		<title>(CRAI) CRA International’s Q3 Results Disappoint</title>
		<link>http://www.stockbloghub.com/2009/10/08/crai-cra-international%e2%80%99s-q3-results-disappoint/17142</link>
		<comments>http://www.stockbloghub.com/2009/10/08/crai-cra-international%e2%80%99s-q3-results-disappoint/17142#comments</comments>
		<pubDate>Thu, 08 Oct 2009 19:33:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Management Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[CRA International Inc.]]></category>
		<category><![CDATA[CRAI]]></category>
		<category><![CDATA[FCN]]></category>
		<category><![CDATA[FTI Consulting]]></category>
		<category><![CDATA[HURN]]></category>
		<category><![CDATA[Huron Consulting Group Inc.]]></category>
		<category><![CDATA[LECG Corporation]]></category>
		<category><![CDATA[Navigant Consulting Inc.]]></category>
		<category><![CDATA[NCI]]></category>
		<category><![CDATA[XPRT]]></category>

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		<description><![CDATA[CRA International’s (CRAI) third quarter results were disappointing. The company earned 31 cents per share, significantly down from the Zacks Consensus Estimate of 47 cents. Results were impacted by the ongoing uncertainty of the global recession as clients reduced their spending, while the company continued to experience stalled litigation cases and consulting project delays. Revenue for the quarter was $86.3 million, down from $111.2 million in the prior-year period. Gross margin was 32.9% compared to 33.8% in the year-ago period, reflecting a decrease in revenue. Selling general and administrative expenses were down to $20.0 million from $24.9 million in the year-ago quarter as a result of CRAI’s aggressive cost-control efforts. Operating income for the quarter was $6.2 million, down from $10.2 million the year-ago period. Operating margin declined 190 basis ]]></description>
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