Perrigo rises on Q1 profit beat

Perrigo

07/05/2025 17:38

** Shares of drugmaker Perrigo PRGO.N up 6.78% at $27

** Co reports Q1 adj. profit of $0.60 per share, above analysts' estimate of $0.55 per share, according to data compiled by LSEG

** Also reaffirms all previously provided 2025 financial targets, including adj. EPS range

** Widens 2025 net sales growth target range to 0%-3%, due to macroeconomic uncertainty, vs analysts' estimate of 1.42% growth

** "Maintaining margins and profit guidance is positive, showing management's good visibility into execution benefits. '25 is largely a self-help year" - Jefferies

** Co posts Q1 net sales of $1.04 billion

** As of last close, stock was up ~1.91% YTD

(Reporting by Megha Kumari)

((Megha.Kumari@thomsonreuters.com;))