Perrigo stock declines after hours as earnings miss

on Feb28
by | Comments Off on Perrigo stock declines after hours as earnings miss |

Perrigo Co.

PRGO, -2.55%

shares fell in the extended session Wednesday after the company’s quarterly earnings missed Wall Street estimates. Perrigo shares fell 4.6% after hours, following a 2.6% decline to close the regular session at $47.06. The company reported fourth-quarter net income of $82 million, or 60 cents a share, compared with $73 million, or 52 cents a share, in the year-ago period. Adjusted earnings were 97 cents a share. Revenue fell to $1.2 billion from $1.28 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1 a share on revenue of $1.18 billion.

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