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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
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Charles River »03/11/2009 [Company watch]
Charles River Announces Third-Quarter 2009 Results

* Sales Decrease 13.1% to $297 Million

 
* Sales Decrease 13.1% to $297 Million * GAAP Earnings per Share of $0.57 and Non-GAAP Earnings per Share of $0.65 * Cost-Reduction Initiatives Now Expected to Total $40.0 Million of Savings in 2009 * Reduces Sales and EPS Guidance for 2009 Charles River Laboratories International, Inc. today reported its results for the third quarter of 2009. For the quarter, net sales were $297.5 million, a decline of 13.1% from $342.2 million in the third quarter of 2008, primarily driven by lower sales in the Preclinical Services (PCS) segment. Foreign currency translation reduced net sales by 1.8%. On a GAAP basis, net income for the third quarter of 2009 was $37.3 million, or $0.57 per diluted share, compared to net income of $45.5 million, or $0.64 per diluted share, for the third quarter of 2008.

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