Charles River beats quarterly estimates on stable demand for drug development services
Portfolio Pulse from
Charles River Laboratories exceeded fourth-quarter profit and revenue estimates due to stable demand for its drug discovery and development services from biotech clients.
February 19, 2025 | 1:30 pm
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Charles River Laboratories reported better-than-expected fourth-quarter earnings and revenue, driven by consistent demand for its drug development services.
The company's ability to exceed profit and revenue estimates indicates strong operational performance and demand for its services, which is likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100