Charles River raises FY24 EPS view to $10.10-$10.30 from $9.90-$10.20

Consensus $10.00. Raises FY24 revenue view to down 2%-3% from down 2.5%-4.5%. The company said, “The Company is updating its financial guidance for 2024, which was previously revised on August 7, 2024. Revenue and non-GAAP earnings per share guidance have been narrowed and slightly raised from the midpoint of the previous ranges to principally reflect the third-quarter financial performance, which exceeded the Company’s prior outlook. In addition, GAAP earnings per share guidance has been reduced due primarily to increased charges related to the Company’s additional restructuring actions.”