WILMINGTON, Mass. (AP) — WILMINGTON, Mass. (AP) — Charles River Laboratories International Inc. (CRL) on Wednesday reported fourth-quarter net income of $187.1 million.
The Wilmington, Massachusetts-based company said it had net income of $3.62 per share. Earnings, adjusted for one-time gains and costs, were $2.46 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.
The medical research equipment and services provider posted revenue of $1.01 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $985.7 million.
For the year, the company reported profit of $474.6 million, or $9.22 per share. Revenue was reported as $4.13 billion.
Charles River expects full-year earnings in the range of $10.90 to $11.40 per share.
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