Market Insider

Perrigo shares sway on quarterly results

Adam Gault | Getty Images

Perrigo shares swayed after the company reported quarterly results on Monday.

In the first quarter, the company saw a net loss of $2.34 per share on $1.34 billion in sales. Perrigo updated its loss figures shortly after it initially reported a net loss of 93 cents a share.

Analysts had expected earnings of 64 cents a share on $1.34 billion in sales, according to a consensus estimate from FactSet.

The stock opened lower on Tuesday before going positive. Shares of Perrigo were closed up 1.76 percent.

Joseph Papa
Perrigo shares plunge on weak guidance, CEO resignation

The pharmaceutical company also sees adjusted full-year earnings between $8.20 to $8.60 per share, which implies Perrigo forecasts an increase of 8 percent to 13 percent from its earnings of $7.59 a share in 2015.

Shares of Perrigo are down more than 53 percent in the last year.

PRGO in the last 12 months

Source: FactSet