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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.

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