08:28 AM EDT, 05/07/2024 (MT Newswires) -- Perrigo ( PRGO ) reported Q1 adjusted earnings Tuesday of $0.29 per diluted share, down from $0.45 a year earlier.

Three analysts surveyed by Capital IQ expected $0.23.

Net sales for the quarter ended March 30 were $1.08 billion, compared with $1.18 billion a year ago.

Four analysts surveyed by Capital IQ expected $1.11 billion.

The company reaffirmed its 2024 adjusted EPS guidance of $2.50 to $2.65 per diluted share. Four analysts surveyed by Capital IQ expect $2.57. Net sales are still expected to be flat. Four analysts surveyed by Capital IQ expect $4.66 billion.