Perrigo's Q3 Earnings Fall Short of Estimates, Sales View Updated
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Perrigo (PRGO) reported weaker-than-expected third-quarter 2024 earnings. Despite this, the company updated its sales guidance for 2024 while maintaining its bottom-line outlook.
November 06, 2024 | 6:15 pm
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NEGATIVE IMPACT
Perrigo's Q3 2024 earnings fell short of expectations, but the company updated its sales guidance for 2024 and maintained its bottom-line outlook.
The weaker-than-expected earnings report is likely to negatively impact PRGO's stock price in the short term. However, the updated sales guidance and reaffirmed bottom-line outlook may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100