{"id":10926,"date":"2023-11-08T05:52:34","date_gmt":"2023-11-08T05:52:34","guid":{"rendered":"https:\/\/infundpros.com\/investment\/perrigos-stock-tumbles-14-after-sales-miss-and-lowered-guidance\/"},"modified":"2023-11-08T05:52:35","modified_gmt":"2023-11-08T05:52:35","slug":"perrigos-stock-tumbles-14-after-sales-miss-and-lowered-guidance","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10926","title":{"rendered":"Perrigo\u2019s stock tumbles 14% after sales miss and lowered guidance"},"content":{"rendered":"
\n

Perrigo Co. Plc\u2019s stock
\n PRGO,
\n +4.04%<\/bg-quote>
\n fell 14% early Tuesday, after the consumer self-care and wellness products maker posted weaker-than-expected third-quarter sales and lowered its guidance. Dublin, Ireland-based Perrigo had net income of $14.2 million, or 10 cents a share, for the quarter, after a loss of $49.4 million, or 37 cents a share, in the year-earlier period. Adjusted per-share earnings came to 64 cents, ahead of the 63 cent FactSet consensus. Sales rose 2.2% to $1.1 billion, just below the $1.2 billion FactSet consensus. The company is now expecting full-year adjusted EPS of $2.50 to $2.60, down from prior guidance of $2.50 to $2.70. It expects sales to grow 4% to 6%, down from prior guidance of 7% to 11%. The stock has fallen 16% in the year to date, while the S&P 500
\n SPX,
\n +0.28%<\/bg-quote>
\n has gained 13.7%. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Perrigo Co. Plc\u2019s stock PRGO, +4.04% fell 14% early Tuesday, after the consumer self-care and wellness products maker posted weaker-than-expected third-quarter sales…<\/p>\n","protected":false},"author":1,"featured_media":1240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-10926","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"\nPerrigo\u2019s stock tumbles 14% after sales miss and lowered guidance | inFundPros<\/title>\n<meta name=\"description\" content=\"Perrigo Co. 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