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Sales were down 7% in the Preclinical Services (PCS) segment to $112.5 million.
May 4, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Charles River Laboratories 1Q Revenues: $285.8 million (-2%) 1Q Earnings: $35.4 million (+80%) Comments: Sales were down 7% in the Preclinical Services (PCS) segment to $112.5 million. Research Models and Services (RMS) segment sales were up 1% to $173.4 million. Earnings include an $11.1 million corporate tax benefit in continuing operations related to the disposition of the Phase I clinical business....
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