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Stock impact report

Perrigo shares down 1.6% premarket as earnings fall short of estimates [MarketWatch]

Perrigo Company plc Ordinary Shares (PRGO) 
Last perrigo company plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: perrigo.investorroom.com
Company Research Source: MarketWatch
Perrigo Co. Plc share slid 1.6% in premarket trade Tuesday, after the Dublin-based provider of consumer self-care products posted weaker-than-expected earnings for its first quarter. The company said it had net income of $3 million, or 2 cents a share, in the quarter, down from $58 million, or 42 cents a share, in the year-earlier period. Excluding special items, adjusted per-share earnings came to 50 cents, below the 57 cents FactSet consensus. Sales fell to $1.010 billion from $1.083 billion, also below the $1.025 billion FactSet consensus. Perrigo has spent the past two years changing from a healthcare company to a consumer self-care company and announced the sale of its generic drug business on March 1. That deal is expected to generate about $2 billion in cash. "We have made the necessary investments in infrastructure, capabilities, talent and capacity, and as a result have restored Perrigo to growth, all while weathering the storm of a horrific global pandemic," Chief Executive Show less Read more
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