Charles River Q2 Adj. EPS $2.69 Beats $2.64 Estimate, Sales $1.06B Beat $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Charles River (NYSE:CRL) reported Q2 adjusted earnings of $2.69 per share, beating the analyst consensus estimate of $2.64 by 1.89%. However, this is a 2.89% decrease from the same period last year. The company also reported quarterly sales of $1.06 billion, beating the analyst consensus estimate of $1.05 billion by 0.86%, marking an 8.82% increase from the same period last year.
August 09, 2023 | 11:02 am
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Charles River's Q2 earnings and sales beat estimates, but earnings per share decreased by 2.89% YoY. Sales increased by 8.82% YoY.
Charles River's Q2 results beat analyst estimates, which is generally a positive signal for the stock. However, the decrease in earnings per share compared to the same period last year might temper investor enthusiasm. The increase in sales YoY is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100