Charles River Laboratories International, Inc. (CRL) reported net income for the second quarter of $35.3 million or $0.74 per share, compared to $27.3 million or $0.57 per share for the year-ago quarter.
Income from continuing operations for the second quarter was $36.5 million or $0.75 per share, compared to $28.6 million or $0.58 per share in the prior year quarter.
Excluding items, adjusted income from continuing operations for the second quarter was $46.3 million or $0.97 per share, compared to $35.7 million or $0.73 per share in the second quarter of last year.
Total revenue for the second quarter rose 16.5% to $341.2 million from $292.9 million in the second quarter of 2013.
Analysts polled by Thomson Reuters expected the company to earn $0.82 per share on revenue of $327.74 million for the second quarter.
For the full year 2014, the company now expects net revenue growth of 9% to 11%, earnings of $2.60 to $2.70 per share and adjusted earnings of $3.25 to $3.35 per share. Previously, the company expected net revenue growth of 9% to 11%, earnings of $2.64 to $2.74 per share and adjusted earnings of $3.15 to $3.25 per share. Analysts currently expect the company to earn $3.21 per share on revenue of $327.87 million for the full year 2014.
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