Recap: Charles River Q2 Earnings

Charles River CRL reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Charles River beat estimated earnings by 1.09%, reporting an EPS of $2.77 versus an estimate of $2.74.

Revenue was up $58.52 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 3.62% drop in the share price the next day.

Here's a look at Charles River's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Charles River management provided guidance for FY 2022, expecting earnings between $10.7 and $10.95 per share.

To track all earnings releases for Charles River visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.