Perrigo Lifts FY16 Adj. EPS View - Quick Facts

(RTTNews) - Perrigo Company plc (PRGO) increased full-year 2016 adjusted earnings per share guidance to be in a range of $9.50 to $10.10, up from the Company's October 22, 2015 guidance of $9.30 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $9.58 per share for fiscal year 2016. Analysts' estimates typically exclude special items.

The completion of the previously announced $500 million share buyback in the fourth quarter of 2015, which resulted in the repurchase of approximately 3.3 million shares. Perrigo's Board of Directors has authorized an additional $1.5 billion to repurchase shares over the next 24-36 months.

The unfavorable impact of foreign currency exchange rate changes since originally publishing 2016 guidance on October 22, 2015 and slightly lower expectations within the Specialty Science segment.