Reuters: Global Markets: Perrigo profit beats estimates; to buy Velcera for $160 million

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Perrigo profit beats estimates; to buy Velcera for $160 million Feb 1st 2013, 13:25 Fri Feb 1, 2013 8:25am EST (Reuters) - Generic drugmaker Perrigo Co (PRGO.O) reported a better-than-expected second-quarter profit and said it would buy pet health products maker Velcera Inc for $160 million to beef up its animal healthcare business. Perrigo's shares rose 3 percent to $103.50 in premarket trade. The Allegan, Michigan-based company said second-quarter results were helped by a 14 percent rise in sales in its consumer healthcare business. Net income rose 6 percent to $105.9 million, or $1.12 per share. Revenue rose 5 percent to $882.9 million. Excluding items, the company earned $1.36 per share. Analysts expected earnings of $1.31 per share on revenue of $880.8 million, according to Thomson Reuters I/B/E/S.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions