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Charles River: 3Q Earnings Snapshot

November 7, 2018

WILMINGTON, Mass. (AP) _ Charles River Laboratories International Inc. (CRL) on Wednesday reported third-quarter earnings of $60.4 million.

The Wilmington, Massachusetts-based company said it had net income of $1.22 per share. Earnings, adjusted for one-time gains and costs, were $1.53 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The medical research equipment and services provider posted revenue of $585.3 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $567.6 million.

Charles River expects full-year earnings in the range of $4.44 to $4.54 per share.

Charles River shares have increased 14 percent since the beginning of the year. The stock has risen almost 7 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRL at https://www.zacks.com/ap/CRL

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