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Perrigo Company stock price
Perrigo Company latest news:
BRIEF-Perrigo Q3 GAAP EPS $0.31
Perrigo Company PLC(PRGO). * Perrigo Company PLC(PRGO) reports third quarter 2017 financial results. * Q3 sales $1.2 billion versus I/B/E/S view $1.17 billion. * Sees FY 2017 adjusted earnings per share $4.80 to $4.95. * Sees FY 2017 earnings per share $0.74 to $0.89. * Q3 adjusted earnings per share $1.39 excluding items.
Perrigo surges as Starboard Value's Jeff Smith talks up the stock
Shares of Perrigo Co. surged Tuesday after Jeff Smith, chief executive officer of Starboard Value, singled out the pharmaceutical company as a good investment. Perrigo has more potential to boost sales through online vendors such as Amazon.com Inc. and the stock is undervalued due to the pricing pressure in its generics business, he said. Perrigo shares jumped 5.1% to $89.37. Altaba Inc. , another of Smith's best ideas presented at the Delivering Alpha conference, also rose 0.5%. Altaba was formed after Verizon Communications Inc. bought Yahoo's internet business.
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