Perrigo's stock surges after profit and revenue decline less than expected, outlook affirmed [MarketWatch]
Perrigo Company plc Ordinary Shares (PRGO)
Last perrigo company plc ordinary shares earnings: 4/30 06:30 am
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Source: MarketWatch
Perrigo's stock surges after profit and revenue decline less than expected, outlook affirmed Shares of Perrigo Co. PRGO, +0.10% surged 6.0% in premarket trading Thursday, after the over-the-counter health and wellness products company reported second-quarter profit and revenue that beat expectations, and affirmed its full-year outlook. Net income fell to $9 million, or 7 cents a share, from $36 million, or 26 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS fell to 86 cents from $1.22, above the FactSet consensus of 79 cents. Sales declined 3.1% to $1.15 billion but topped the FactSet consensus of $1.15 billion, as consumer self-care America sales fell 2.5%, consumer self-care international sales declined 8.5% and prescription pharmaceuticals sales rose 3.4%. The company affirmed its 2019 adjusted EPS outlook of $3.75 to $4.05. The stock has run up 30.3% year to date through Wednesday, while the S&P 500 SPX, +0.08% has gained 15.0%.
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News
- Perrigo gets offer to sell its HRA Pharma rare diseases unit [Seeking Alpha]Seeking Alpha
- Perrigo Receives Binding Offer to Divest its HRA Pharma Rare Diseases Business for up to €275 Million [Yahoo! Finance]Yahoo! Finance
- Perrigo Receives Binding Offer to Divest its HRA Pharma Rare Diseases Business for up to €275 MillionPR Newswire
- Perrigo to Release First Quarter 2024 Financial Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Perrigo to Release First Quarter 2024 Financial Results on May 7, 2024PR Newswire
PRGO
Earnings
- 2/27/24 - Beat
PRGO
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- PRGO's page on the SEC website