Perrigo (PRGO) Q4 Earnings Top, Sales Lag Estimates, Misses View

Perrigo Company plc (PRGO) reported adjusted earnings of 86 cents per share in the fourth quarter of 2023, beating the Zacks Consensus Estimate of 83 cents. Earnings were up 14.7% year over year. The upside can be attributed to lower operating expenses incurred by the company during the quarter.Net sales increased 0.1% year over year to $1.16 billion, missing the Zacks Consensus Estimate of$1.19 billion. The upside was driven by growth stemming from the acquisition of the U.S. & Canadian Good Start infant ...