Latest News by Industry
WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Charles River Laboratories International Inc. (CRL) on Thursday reported first-quarter earnings of $103.1 million.
The Wilmington, Massachusetts-based company said it had net income of $2.01 per share. Earnings, adjusted for one-time gains and costs, were $2.78 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.
The medical research equipment and services provider posted revenue of $1.03 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $988.1 million.
Charles River expects full-year earnings in the range of $9.90 to $10.90 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CRL">Zacks stock report on CRL at https://www.zacks.com/ap/CRL