AP NEWS

Charles River: 3Q Earnings Snapshot

November 6, 2019 GMT

WILMINGTON, Mass. (AP) _ Charles River Laboratories International Inc. (CRL) on Wednesday reported third-quarter net income of $72.8 million.

On a per-share basis, the Wilmington, Massachusetts-based company said it had net income of $1.46. Earnings, adjusted for non-recurring costs, came to $1.69 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.

The medical research equipment and services provider posted revenue of $668 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $670.1 million.

Charles River expects full-year earnings in the range of $6.50 to $6.60 per share.

Charles River shares have climbed 15% since the beginning of the year. The stock has increased 5% in the last 12 months.

_____

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