Why Perrigo Stock Bounced Higher Today

Consumer-oriented healthcare company Perrigo (NYSE: PRGO) had a good day on the stock exchange Tuesday. That morning, the Ireland-headquartered company published its final quarterly results of 2021, which pleased investors enough to push its share price nearly 4% higher.

For the quarter, Perrigo collected $1.1 billion in net sales, which was nearly 5% higher than in the same period a year ago. On the bottom line, the company's non-GAAP (adjusted) profit was $82 million, or $0.60 per share, well up from the $64 million of Q4 2020.

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Source Fool.com