Perrigo Company plc (PRGO) shares dropped 12.73 percent to $23.23 on Wednesday after the company reported a larger-than-expected net loss for the second quarter of 2025. The company posted a net loss of $1 million, compared to a loss of $106 million in the same quarter last year. Net sales declined slightly to $1.056 billion from $1.066 billion.
The stock opened at $22.25 and traded between $21.06 and $23.41 during the session on the New York Stock Exchange. Volume spiked to 5.56 million shares, significantly above its average of 1.14 million. Perrigo is now hovering near its 52-week low of $21.06, well below the high of $30.93.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.