Financial PerformanceRevenue and earnings in the third quarter showed declines in several segments, with revenue down 2.7%, operating income down 4.9%, and earnings per share down 4.7%.
Market ConditionsMore than 80% of CRL is in markets that don’t currently bring growth, where certain costs are increasing, and pricing is, or may soon be, weakening.
Research And Development SpendingWorsening pharma R&D spending is likely to weigh on preclinical demand.