PRGO - Perrigo Non-GAAP EPS of $0.56 misses by $0.11 revenue of $1.1B misses by $40M lowers FY adj. EPS guidance
- Perrigo press release ( NYSE: PRGO ): Q3 Non-GAAP EPS of $0.56 misses by $0.11 .
- Revenue of $1.1B (+5.8% Y/Y) misses by $40M .
- Company reiterates fiscal 2022 organic net sales growth range outlook of 9.0%-10.0% and fiscal 2022 total net sales growth range outlook of 8.5%-9.5% versus the prior year.
- Company updates fiscal 2022 adjusted EPS range outlook to $2.00-$2.10 vs. consensus of $2.28 from $2.25-$2.35, as lower sales volumes in CSCA and $0.10 from the worsening impact of currency translation are expected to more than offset solid year-to-date performance in the international business and accretion from the purchase of the Gateway ( GTW ) plant in the U.S. The Company now expects to achieve a constant currency adjusted diluted EPS range outlook of $2.25-$2.35.
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Perrigo Non-GAAP EPS of $0.56 misses by $0.11, revenue of $1.1B misses by $40M, lowers FY adj. EPS guidance