Perrigo Company Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - Perrigo Company plc (PRGO) reported second calendar quarter net income of $56 million and earnings per share of $0.38 compared to $132 million or $0.98 per share, last year. Excluding charges, adjusted net income was $320 million or $2.18 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.96 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.53 billion, an increase of 34% on a reported basis, or a 36% increase on a constant currency basis, over the calendar second quarter of 2014, attributable primarily to $401 million related to the inclusion of the Branded Consumer Healthcare segment and 11% growth in the Rx segment on a constant currency basis. Analysts expected revenue of $1.52 billion for the quarter.

The company continues to expect calendar year 2015 adjusted earnings per share range of $7.50 to $8.00. Analysts expect the company to report earnings per share of $7.64.