Pharma company Charles River Laboratories International, Inc. (NYSE: CRL) on Wednesday reported financial results for the second quarter of 2023.
For the quarter, the company reported revenues of $1.06 billion, up 8.9% from $973.1 million recorded in the prior-year quarterNet income attributable to common shareholders was $97.0 million in Q2, compared to $109.3 million for the same period in 2022On a per-share basis, Q2 unadjusted earnings decreased 11.3% year-over-year to $1.89 from $2.13 last yearAdjusted profit was $138.3 million in the June quarter, which is down 2.5% from the prior-year periodEarnings per share, on an adjusted basis, decreased 2.9% year-over-year to $2.69 during the three-month periodThe management expects revenues to increase in the range of 2.5% to 4.5% in fiscal 2023