Charles River Q4 Adjusted EPS $2.46 Beats $2.40 Estimate, Sales $1.01B Beat $991.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Charles River (NYSE:CRL) reported Q4 adjusted EPS of $2.46, surpassing the $2.40 estimate, and sales of $1.01B, exceeding the $991.25M estimate. However, this represents a 17.45% decrease in EPS and a 7.87% decrease in sales from the same period last year.
February 14, 2024 | 12:03 pm
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Charles River's Q4 earnings and sales exceeded estimates, with EPS at $2.46 and sales at $1.01B, but showed a decline from the previous year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in both metrics might temper investor enthusiasm, leading to a cautious optimism in the stock's short-term trajectory.
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