Charles River (NYSE:CRL) reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Charles River beat estimated earnings by 1.48%, reporting an EPS of $2.75 versus an estimate of $2.71.
Revenue was up $89.36 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 4.47% drop in the share price the next day.
Here's a look at Charles River's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.43 | 2.58 | 2.38 | 2.19 |
| EPS Actual | 2.49 | 2.70 | 2.61 | 2.53 |
| Revenue Estimate | 888.27M | 903.20M | 880.65M | 798.18M |
| Revenue Actual | 905.05M | 895.94M | 914.61M | 824.57M |
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 $11.5 and $11.75 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.
