Perrigo Co. Q2 Profit Falls 13%

(RTTNews) - Perrigo Co. (PRGO) released earnings for second quarter that dropped from last year.

The company said its profit declined to $277.5 million, or $1.93 per share. This was down from $320.3 million, or $2.18 per share, in last year's second quarter.

Analysts had expected the company to earn $1.98 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.4% to $1.44 billion. This was down from $1.49 billion last year.

Perrigo Co. earnings at a glance:

-Earnings (Q2): $277.5 Mln. vs. $320.3 Mln. last year. -Earnings Decline (Y-o-Y): -13.4% -EPS (Q2): $1.93 vs. $2.18 last year. -EPS Decline (Y-o-Y): -11.5% -Analysts Estimate: $1.98 -Revenue (Q2): $1.44 Bln vs. $1.49 Bln last year. -Revenue Change (Y-o-Y): -3.4%