Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 489886
Peja Stoyakovic  |  by www.tradingmarkets.com. All rights reserved. 13.11 | 23:23

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(RTTNews) - The Perrigo Company ( | | | ) said it has initiated a voluntary, nationwide product recall to the retail level of certain lots of its store brand Acetaminophen 500 mg caplets containing raw material purchased from a third party supplier. This OTC product is indicated for pain relief and fever reduction. The total cost of the recall for sales returns, handling of on-hand inventories and disposal is estimated to be $2.

9 million. As a result, the previously reported fiscal first quarter results will include a charge of $667 thousand or $0.01 per share.

As a result, fiscal first quarter EPS is $0.18 versus the $0.19 previously communicated.

Perrigo reaffirmed its full year fiscal 2007 earnings range of $0.86 - $0.91 per share excluding restructuring costs related to the previously announced plant closures.

Analysts expect earnings of $0.90 per share.

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