Perrigo: 2Q Earnings Snapshot
DUBLIN (AP) _ Perrigo Co. (PRGO) on Thursday reported second-quarter earnings of $9 million.
The Dublin-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The drug company posted revenue of $1.15 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.13 billion.
Perrigo expects full-year earnings in the range of $3.75 to $4.05 per share.
Perrigo shares have increased 30% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 15%. The stock has decreased 36% in the last 12 months.