Charles River Labs (CRL) PT Lowered to $265 at Evercore ISI

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Go back to Charles River Labs (CRL) PT Lowered to $265 at Evercore ISI

Charles River Laboratories Announces First-Quarter 2024 Results

May 9, 2024 7:00 AM EDT

First-Quarter Revenue of $1.01 Billion

First-Quarter GAAP Earnings per Share of $1.30 and Non-GAAP Earnings per Share of $2.27

Updates 2024 Guidance

WILMINGTON, Mass.--(BUSINESS WIRE)-- Charles River Laboratories International, Inc. (NYSE: CRL) today reported its results for the first quarter of 2024. For the quarter, revenue was $1.01 billion, a decrease of 1.7% from $1.03 billion in the first quarter of 2023.

The impact of foreign currency translation benefited reported revenue by 0.3%, and acquisitions contributed 1.5% to consolidated first-quarter revenue. A small divestiture of a Safety Assessment site reduced... More