Perrigo Reports Broad Growth, But Investors Sour On Turnaround's Price Tag

Its reported worldwide consumer Q4 net sales increased 12.7%, or 16.4% adjusted for currency exchange rates, product launches and other changes from the prior-year period, to $1.1bn. The s results, though, sent share price plummeting $8.64, more than 14%, to $51.82.

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Perrigo Co. PLC apparently has reached firm footing in turning around its consumer health product sales, but investors aren’t sure about staying on board as the OTC private label giant pays the costs of the recovery.

The Dublin-based firm on 27 November said its reported worldwide consumer fourth-quarter net sales increased 12.7%, or 16.4% adjusted for...

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