Perrigo Q1 Profit Rises - Quick Facts

(RTTNews) - Perrigo Company (PRGO) reported that its first quarter net income increased to $111.4 million or $1.18 per share, from $105.6 million or $1.12 per share, last year. Adjusted net income was $143.9 million or $1.52 per share, for the quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.41 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $933.4 million, compared to $769.8 million, a year ago. Analysts expected revenue of $900.10 million for the quarter. Perrigo continues to expect fiscal 2014 adjusted earnings per share to be between $6.35 and $6.60, excluding the impact of the acquisition of Elan Corporation. Analysts expect the company to report full year profit per share of $6.55.