Perrigo Q1 2024 Adj EPS $0.29 Beats $0.23 Estimate, Sales $1.082B Miss $1.093B Estimate
Portfolio Pulse from Benzinga Newsdesk
Perrigo reported its Q1 2024 adjusted earnings per share (EPS) at $0.29, surpassing the estimated $0.23. However, its sales of $1.082 billion fell short of the expected $1.093 billion.
May 07, 2024 | 10:33 am
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Perrigo's Q1 2024 earnings exceeded expectations with an adjusted EPS of $0.29 against a $0.23 estimate, but sales missed forecasts.
The positive impact of beating EPS estimates may be somewhat offset by the missed sales forecast. Investors typically value earnings surprises positively, but the missed sales target could raise concerns about revenue growth and market demand. The net effect on the stock price could be neutral in the short term as the market digests both aspects of the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90