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Why Perrigo Stock Jumped Today

TheMotleyFool

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Why Perrigo Stock Jumped TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Perrigo (NYSE: PRGO) were jumping 9.6% higher as of 3:13 p.m. EST on Thursday. The solid gain came after the healthcare company reported better-than-expected, third-quarter earnings results after the market closed on Wednesday.

Perrigo announced adjusted earnings of $128 million, or $0.93 per share. Although this reflected a decline from the company's adjusted earnings in the prior-year period, it easily beat the consensus analyst estimate of $0.84 per share.

Image source: Getty Images.

Source Fool.com

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