11:36 AM EST, 11/05/2025 (MT Newswires) -- (Updates with stock movement in the last paragraph and headline.)

Perrigo ( PRGO ) reported fiscal Q3 adjusted earnings Wednesday of $0.80 per diluted share, down from $0.81 a year earlier.

An analyst polled by FactSet expected $0.76.

Net sales for the quarter ended Sept. 27 were $1.04 billion, compared with $1.09 billion a year earlier.

Three analysts polled by FactSet expected $1.10 billion.

The company said it now expects fiscal 2025 adjusted earnings per share of $2.70 to $2.80, from the previous range of $2.90 to $3.10. Analysts polled by FactSet expect $2.97.

Revenue for the fiscal year is now estimated to decline by 2.5% to 3%, from the previous forecast of flat to a 3% growth. Analysts polled by FactSet expect $4.37 billion.

Shares of Perrigo ( PRGO ) were down more than 20.46% in recent Wednesday trading.

Price: 16.32, Change: -3.88, Percent Change: -19.19