NYSE:CRLLife Sciences
Charles River Labs (CRL): Ongoing Losses Challenge Bullish Narrative Despite Forecasted Earnings Growth
Charles River Laboratories International (CRL) remains unprofitable, with losses rising at an average annual rate of 14.3% over the past five years. Revenue is forecast to grow at 3.6% per year, which is slower than the broader US market's 10.5% projected growth. However, earnings are expected to increase by 21.51% annually, and analysts project a return to profitability within the next three years. Investors see a mix of risks from the company’s weaker financial position and slower revenue...