Charles River: 3Q Earnings Snapshot
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.