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Charles River: 1Q Earnings Snapshot

WILMINGTON, Mass. (AP) _ Charles River Laboratories International Inc. (CRL) on Tuesday reported first-quarter profit of $55.1 million.

The Wilmington, Massachusetts-based company said it had profit of $1.11 per share. Earnings, adjusted for non-recurring costs, came to $1.40 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The medical research equipment and services provider posted revenue of $604.6 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $600.4 million.

Charles River expects full-year earnings in the range of $6.40 to $6.55 per share.

Charles River shares have increased 26% since the beginning of the year. The stock has climbed 35% 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