Perrigo's Q3 Earnings Fall Short of Estimates, Sales View Updated

Perrigo Company plc (PRGO) reported adjusted earnings of 81 cents per share in the third quarter of 2024, missing the Zacks Consensus Estimate of 82 cents. The reported figure increased 26.6% year over year, primarily due to improved margins and lower variable expenses.Net sales declined 3.2% year over year to $1.09 billion, missing the Zacks Consensus Estimate of $1.12 billion. The downside was due to lower net sales in the Nutrition category and loss of sales stemming from exited businesses and product li ...