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Perrigo’s stock gains 2.7% on fourth-quarter earnings
Shares of Perrigo Co. gained 2.7% in premarket trading on Tuesday after the drug maker beat on earnings expectations for the final three months of the year. Perrigo had net income of $32.1 million, or 24 cents per share, in the fourth quarter of 2021. It reported a loss of $52.2 million, or 39 cents per share, in the same quarter a year ago. Adjusted earnings per share were 60 cents, compared with the FactSet consensus of 56 cents. Perrigo said revenue jumped 4.9% to $1.10 billion in the fourth
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