Perrigo (PRGO +5.3%) trades higher after its FQ2 results easily beat estimates this morning. Net...

|About: Perrigo Company (PRGO)|By:, SA News Editor

Perrigo (PRGO +5.3%) trades higher after its FQ2 results easily beat estimates this morning. Net earnings rose 6.2% Y/Y as the store-brand pharmaceutical and nutritional-products maker recorded strong revenue growth from its consumer health-care business, although margins narrowed on higher costs. The company also says it's bought pet-health company Velcera for $160M in an all-cash deal it's billed as a "natural extension" to its Sergeant's pet care product line.