Perrigo (PRGO) Beats on Q2 Earnings, Lags Sales, Cuts View
PRGOPerrigo(PRGO) ZACKS·2024-08-02 23:46

Perrigo Company plc (PRGO) reported adjusted earnings of 53 cents per share in the second quarter of 2024, beating the Zacks Consensus Estimate of 48 cents. Earnings were down 15.9% year over year due to discrete tax benefits of nine cents per share in the year-ago period and a negative financial impact of 14 cents from infant formula.Net sales declined 10.7% year over year to 1.07billion,missingtheZacksConsensusEstimateof1.07 billion, missing the Zacks Consensus Estimate of 1.13 billion. The downside was due to lower net sales of infant formula and ...