Perrigo Co. Announces 21% Decline In Q1 Profit

(RTTNews) - Perrigo Co. (PRGO) reported a profit for first quarter that lost ground from last year.

The company said its profit declined to $150 million, or $1.05 per share. This was lower than $189 million, or $1.32 per share, in last year's first quarter.

The company said revenue for the quarter fell 11.9% to $1.19 billion. This was down from $1.35 billion last year.

Perrigo Co. earnings at a glance:

-Earnings (Q1): $150 Mln. vs. $189 Mln. last year. -Earnings Decline (Y-o-Y): -20.6% -EPS (Q1): $1.05 vs. $1.32 last year. -EPS Decline (Y-o-Y): -20.5% -Revenue (Q1): $1.19 Bln vs. $1.35 Bln last year. -Revenue Change (Y-o-Y): -11.9%

-Guidance: Full year EPS guidance: $4.15 to $4.50