Perrigo Still Faces Headwinds, but Underlying Second-Quarter Results Show Improvement
Although we still have longer-term concerns of generic industry price erosion and margin stability, Perrigo reported encouraging second-quarter results that signify stability across its business segments along with notable efforts to improve the balance sheet. Management slightly increased its year-end revenue and adjusted EPS outlook thanks to increased expectations for new product launches, improved profitability in the prescription topicals business, decreased interest expense from recent deb...
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