WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Charles River Laboratories International Inc. (CRL) on Wednesday reported first-quarter profit of $25.5 million.
On a per-share basis, the Wilmington, Massachusetts-based company said it had profit of 50 cents. Earnings, adjusted for one-time gains and costs, came to $2.34 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The medical research equipment and services provider posted revenue of $984.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $935 million.
Charles River expects full-year earnings in the range of $9.30 to $9.80 per share.
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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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