Perrigo Co. Q1 adjusted earnings Beat Estimates

(RTTNews) - Perrigo Co. (PRGO) reported a profit for first quarter that decreased from the same period last year.

The company's bottom line came in at $64 million, or $0.47 per share. This compares with $81 million, or $0.57 per share, in last year's first quarter.

Excluding items, Perrigo Co. reported adjusted earnings of $146 million or $1.07 per share for the period.

Analysts had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.1% to $1.17 billion from $1.22 billion last year.

Perrigo Co. earnings at a glance:

-Earnings (Q1): $146 Mln. vs. $178 Mln. last year. -EPS (Q1): $1.07 vs. $1.26 last year. -Analysts Estimate: $0.94 -Revenue (Q1): $1.17 Bln vs. $1.22 Bln last year.