Charles River Q1 2024 Adj EPS $2.27 Beats $2.07 Estimate, Sales $1.011B Beat $992.270M Estimate
Portfolio Pulse from Benzinga Newsdesk
Charles River (NYSE:CRL) reported Q1 2024 earnings of $2.27 per share, surpassing the $2.07 estimate, and sales of $1.011B, beating the $992.270M estimate. However, this represents an 18.35% decrease in earnings and a 1.75% decrease in sales from the same period last year.
May 09, 2024 | 11:02 am
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Charles River's Q1 2024 earnings and sales exceeded expectations, with EPS at $2.27 and sales at $1.011B, despite year-over-year declines.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term, as it indicates financial health and operational efficiency. However, the noted year-over-year declines in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism in the stock's short-term trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100