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Perrigo Co. Q2 adjusted earnings Beat Estimates

Perrigo Co. (PRGO) released a profit for second quarter that dropped from the same period last year.

The company's earnings totaled $9.0 million, or $0.07 per share. This compares with $36.2 million, or $0.26 per share, in last year's second quarter.

Excluding items, Perrigo Co. reported adjusted earnings of $117.4 million or $0.86 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 38.5% to $1.15 billion from $1.87 billion last year.

Perrigo Co. earnings at a glance:

-Earnings (Q2): $117.4 Mln. vs. $168.9 Mln. last year.
-EPS (Q2): $0.86 vs. $1.22 last year.
-Analysts Estimate: $0.79
-Revenue (Q2): $1.15 Bln vs. $1.87 Bln last year.

-Guidance:
Full year EPS guidance: $3.75 to $4.05

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