Monday, April 25, 2016

Perrigo Sees Q1 Profit Below Estimates; Cuts Outlook; Names John Hendrickson CEO

Perrigo Company plc (PRGO) announced the company estimates first-quarter net sales to be between $1.33 - $1.35 billion. Estimated adjusted earnings per share are expected to be between $1.71 - $1.77, assuming a tax rate of approximately 14%, based on preliminary estimates. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.89 for the quarter. Analysts' estimates typically exclude special items. Analysts expect revenue of $1.40 billion for the quarter.

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