Perrigo Q3 Adj. EPS $0.64 Beats $0.61 Estimate, Sales $1.12B Miss $1.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Perrigo (NYSE:PRGO) reported Q3 adjusted earnings of $0.64 per share, beating the analyst consensus estimate of $0.61 by 4.92%. This is a 14.29% increase from the same period last year. However, the company's quarterly sales of $1.12 billion missed the analyst consensus estimate of $1.20 billion by 6.67%, though it is a 1.82% increase from the same period last year.
November 07, 2023 | 11:35 am
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NEUTRAL IMPACT
Perrigo's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Perrigo's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100