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Shares of Perrigo (NYSE:PRGO) rose 0.9% in pre-market trading after the company reported Q2 results.
Earnings per share rose 19.77% over the past year to $1.03, which beat the estimate of $0.88.
Revenue of $1,219,000,000 rose by 8.16% from the same period last year, which missed the estimate of $1,240,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Aug 05, 2020
Time: 09:00 AM
ET Webcast URL: https://investor.perrigo.com/events-webcasts
Company's 52-week high was at $63.86
52-week low: $40.01
Price action over last quarter: Up 5.58%
Perrigo is the leading provider of over-the-counter generic drugs with over 100 global locations. The company was formed in 1887 as a packager of home remedies and has grown with the migration of prescriptions switching to over the counter and later with strategic acquisitions. The company has a portfolio of more than 3,000 product formulations and 14,000 stock-keeping units. Most of its manufacturing and customer base reside in North America. With the most recent management change, the company announced a narrower focus on consumer wellness in conjunction with the divestiture of animal health, acquisition of Ranir Global Holdings, and plans to sell or spin off the prescription business.
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