Charles River Labs Soars 22.82% on Strong Q1 Earnings

Generated by AI AgentAinvest Movers Radar
Wednesday, May 7, 2025 8:52 am ET1min read

Charles River Laboratories International rose 22.82% in pre-market trading on May 7, 2025, driven by a series of positive developments and financial results.

Charles River Laboratories reported a strong first quarter, with revenue exceeding expectations at $984.2 million, surpassing the consensus estimate of $941.47 million. The company's non-GAAP net income for the quarter was $119.1 million, a 1.3% increase from the same period in 2024. This performance led to a modest raise in the company's 2025 guidance, with organic revenue now expected to decline by 2.5% to 4.5%.

The company's earnings call provided a mixed outlook, highlighting positive fourth-quarter results but expressing caution for the remainder of 2025 due to anticipated revenue declines. Despite this, the market responded positively to the company's governance updates and financial performance, contributing to the significant pre-market surge in stock price.

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