Charles River Laboratories International Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Charles River Laboratories International Inc. (CRL) announced earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $94.08 million, or $1.74 per share. This compares with $97.02 million, or $1.89 per share, in last year's second quarter.

Excluding items, Charles River Laboratories International Inc. reported adjusted earnings of $144.94 million or $2.80 per share for the period.

Analysts on average had expected the company to earn $2.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $1.026 billion from $1.059 billion last year.

Charles River Laboratories International Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $94.08 Mln. vs. $97.02 Mln. last year. -EPS (Q2): $1.74 vs. $1.89 last year. -Revenue (Q2): $1.026 Bln vs. $1.059 Bln last year.

-Guidance: Full year EPS guidance: $9.90 – $10.20