Perrigo Company plc Announces Fall In Q1 Earnings

Perrigo Company plc (PRGO) revealed a profit for first quarter that decreased from last year.

The company's bottom line came in at $38.1 million, or $0.28 per share. This compares with $106.4 million, or $0.77 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.5% to $1.01 billion from $1.08 billion last year.

Perrigo Company plc earnings at a glance:

-Earnings (Q1): $38.1 Mln. vs. $106.4 Mln. last year.
-EPS (Q1): $0.28 vs. $0.77 last year.
-Analysts Estimate: $0.57
-Revenue (Q1): $1.01 Bln vs. $1.08 Bln last year.

Full year EPS guidance: $2.50 - $2.70

For comments and feedback contact: editorial@rttnews.com

Follow RTT