Perrigo (PRGO) Beats on Q2 Earnings, Lags Sales, Cuts View

Perrigo Company plc (PRGO) reported adjusted earnings of 53 cents per share in the second quarter of 2024, beating the Zacks Consensus Estimate of 48 cents. Earnings were down 15.9% year over year due to discrete tax benefits of nine cents per share in the year-ago period and a negative financial impact of 14 cents from infant formula. Net sales declined 10.7% year over year to $1.07 billion, missing the Zacks Consensus Estimate of$1.13 billion. The downside was due to lower net sales of infant formula and ...