Perrigo bounces back: stock up 19.2% in first quarter -- Index.
This article was originally published in The Tan Sheet
Executive Summary
PERRIGO STOCK RECOVERS FROM YEAR-END HIT WITH 19.2% FIRST QUARTER GROWTH after closing 1996 with a 23.2% drop. Investors may be reacting to the OTC private labeler's earnings upturn after several years of declines. In mid-February, Perrigo reported second quarter sales ahead 10% on earnings growth of 12.6%. A severe cough, cold and flu season drove Perrigo's largest OTC segments -- cough/cold remedies and analgesics