Perrigo Company plc Reports Second Quarter 2016 Financial Results

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Go back to Perrigo Company plc Reports Second Quarter 2016 Financial Results

Leerink Partners Remains Sidelined on Perrigo (PRGO) Following Mixed 2Q

August 11, 2016 9:00 AM EDT

Leerink Partners maintained a Market Perform rating on Perrigo Co. (NYSE: PRGO), and cut the price target to $81.00 (from $96.00), following the company's 2Q earnings report. PRGO reported a modest beat on top line, but missed EPS by 3%.

Analyst Jason Gerberry commented,... More

Perrigo (PRGO) Misses Q2 EPS by 5c; Guides FY16 EPS Below Views

August 10, 2016 6:31 AM EDT

Perrigo (NYSE: PRGO) reported Q2 EPS of $1.93, $0.05 worse than the analyst estimate of $1.98. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.43 billion.

GUIDANCE:

Perrigo now sees FY2016 EPS of $6.85-$7.15, versus the consensus of... More