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.

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.

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:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	2.71	2.43	2.58	2.38
EPS Actual	2.75	2.49	2.70	2.61
Revenue Estimate	910.10M	888.27M	903.20M	880.65M
Revenue Actual	913.93M	905.05M	895.94M	914.61M

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).

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.

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