logo
Plus   Neg
Share
Email

Perrigo Reaffirms FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, Perrigo Company plc (PRGO) on Thursday reaffirmed its adjusted earnings guidance for the full-year 2019, which includes the Ranir acquisition and Animal Health divestiture.

For fiscal 2019, the company continues to project adjusted earnings in the range of $3.75 to $4.05 per share.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $3.93 per share for the year. Analysts' estimates usually exclude special items.

The company said the guidance includes the Ranir acquisition and Animal Health divestiture, both of which closed in July as part of the company's portfolio reconfiguration to consumer self-care. The company also expects reported earnings in the range of $1.23 to $1.53 per share.

Additionally, the company said it expects an acceleration of net sales growth in the second half of the year driven by Ranir, excluding animal health, exited infant foods and impact of currency.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A California court ruled that Uber and Lyft must classify their drivers as employees in a preliminary injunction issued on Monday. However, the court has stayed the injunction for 10 days to allow the ride-hailing service providers to appeal the decision. Hyundai Motor has launched a new IONIQ brand dedicated to battery electric vehicles, as the automaker is accelerating its efforts to gain a share in the fast-growing global EV market. Under the IONIQ brand, Hyundai plans to introduce three new dedicated electric vehicle models over the next four years. Hyundai is South Korea's largest automaker. Amazon.com, Inc. is in talks with mall operator Simon Property Group, Inc. to use the abandoned anchor departmental stores of JC Penny and Sears at their malls as fulfillment centers, reports said. This is expected to help the e-commerce giant in boosting their last mile delivery, which is the last leg of the delivery process.
Follow RTT