Shares of CRA International Inc (NASDAQ: CRAI) plummeted 5.94% in pre-market trading on Thursday, despite the company reporting record financial results for the first quarter of 2025. The sharp decline suggests that investors may be concerned about the company's future performance or that the results fell short of market expectations.

CRA International, a global consulting firm specializing in economic, financial, and management consulting services, announced that its revenue increased by 5.9% year-over-year to $181.9 million in Q1 2025, marking the highest quarterly revenue in the company's history. Net income rose significantly by 31.5% to $18.0 million, or $2.62 per diluted share, compared to $13.7 million, or $1.95 per diluted share, in the same period last year.

Despite these strong figures, the market reaction was decidedly negative. This could be due to several factors, including concerns about the sustainability of growth, potential headwinds in the consulting industry, or the company's ability to maintain its profit margins in the face of global economic uncertainties. Furthermore, while CRA International reaffirmed its full-year 2025 guidance, investors may be looking for more robust growth prospects or clearer signs of continued momentum in the face of challenging macroeconomic conditions.