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Perrigo Q2 adjusted earnings beat estimates

Christian Fernsby |
Perrigo released a profit for second quarter that dropped from the same period last year.

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The company's earnings totaled $9.0 million, or $0.07 per share. This compares with $36.2 million, or $0.26 per share, in last year's second quarter.

Excluding items, Perrigo Co. reported adjusted earnings of $117.4 million or $0.86 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 38.5% to $1.15 billion from $1.87 billion last year.

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