Perrigo Co. Q3 Earnings Drop 9%

(RTTNews) - Perrigo Co. (PRGO) released a profit for third quarter that dropped compared to the same period last year.

The company said its earnings totaled $236 million, or $1.65 per share. This was lower than $258 million, or $1.76 per share, in last year's third quarter.

Analysts had expected the company to earn $1.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $1.33 billion. This was up from $1.30 billion last year.

Perrigo Co. earnings at a glance:

-Earnings (Q3): $236 Mln. vs. $258 Mln. last year. -Earnings Decline (Y-o-Y): -8.5% -EPS (Q3): $1.65 vs. $1.76 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $1.58 -Revenue (Q3): $1.33 Bln vs. $1.30 Bln last year. -Revenue Change (Y-o-Y): 2.3%

-Guidance: Full year EPS guidance: $6.85 - $7.15