Perrigo Q2 Adj $0.53 Beats $0.46 Estimate, Sales $1.07B Miss $1.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Perrigo (NYSE:PRGO) reported Q2 earnings of $0.53 per share, beating the estimate of $0.51 but down 15.87% from last year. Sales were $1.07 billion, missing the $1.16 billion estimate and down 10.65% from last year.
August 02, 2024 | 10:34 am
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Perrigo's Q2 earnings per share of $0.53 beat the estimate of $0.51 but were down 15.87% from last year. Sales of $1.07 billion missed the $1.16 billion estimate and were down 10.65% from last year.
While Perrigo's earnings per share beat estimates, the significant year-over-year decline in both earnings and sales, along with the sales miss, creates a mixed outlook. This could lead to neutral short-term price movement as investors weigh the positive earnings beat against the negative sales performance.
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