WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Charles River Laboratories International Inc. (CRL) on Wednesday reported second-quarter net income of $97 million.
The Wilmington, Massachusetts-based company said it had net income of $1.89 per share. Earnings, adjusted for non-recurring costs, were $2.69 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The medical research equipment and services provider posted revenue of $1.06 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.05 billion.
Charles River expects full-year earnings in the range of $10.30 to $10.90 per share.
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