Perrigo: 4Q Earnings Snapshot

·1 min read

DUBLIN (AP) _ Perrigo Co. (PRGO) on Monday reported a loss of $175 million in its fourth quarter.

On a per-share basis, the Dublin-based company said it had a loss of $1.29. Earnings, adjusted for one-time gains and costs, were 93 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The drug company posted revenue of $1.29 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $1.33 billion.

For the year, the company reported a loss of $162.6 million, or $1.19 per share, swinging to a loss in the period. Revenue was reported as $5.06 billion.

Perrigo expects full-year earnings in the range of $2.50 to $2.70 per share.

Perrigo shares have decreased nearly 10% since the beginning of the year, while the Standard & Poor's 500 index has increased 1.5%. The stock has fallen 22% 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

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