Perrigo Q4 Adjusted EPS $0.86 Beats $0.83 Estimate, Sales $1.16B Miss $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Perrigo (NYSE:PRGO) reported Q4 adjusted EPS of $0.86, surpassing the $0.83 estimate, marking a 14.67% year-over-year increase. However, its Q4 sales of $1.16B fell short of the $1.18B estimate, a slight 0.16% increase from the previous year.
February 27, 2024 | 11:32 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Perrigo's Q4 earnings surpassed estimates with an EPS of $0.86, a 14.67% increase from last year, but sales slightly missed expectations at $1.16B.
The positive earnings beat may provide a short-term uplift to PRGO's stock price due to the better-than-expected profit performance. However, the slight miss in sales forecasts could temper investor enthusiasm, leading to a neutral overall short-term impact. The mixed results highlight operational efficiency but also suggest potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100