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Perrigo: 1Q Earnings Snapshot

DUBLIN (AP) _ Perrigo Co. (PRGO) on Wednesday reported first-quarter net income of $63.9 million.

The Dublin-based company said it had net income of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.07 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The drug company posted revenue of $1.17 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $1.15 billion.

Perrigo shares have risen 27% since the beginning of the year, while the Standard & Poor's 500 index has risen 15%. In the final minutes of trading on Wednesday, shares hit $49.17, a decrease of 34% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGO at https://www.zacks.com/ap/PRGO