Perrigo (PRGO) shares were up past 24% in early Wednesday trading after the company posted fiscal Q2 adjusted earnings and net sales above analysts' estimates.

The company reported fiscal Q2 adjusted earnings Wednesday of $0.50 per diluted share, down from $0.57 a year earlier.

Three analysts polled by FactSet expected $0.34.

Net sales for the quarter ended June 27 were $1.02 billion, down from $1.06 billion a year earlier.

Three analysts expected $1.01 billion.

For fiscal 2026, the company reiterated its adjusted EPS guidance of $2.00 to $2.30. Four analysts expect $2.12. Fiscal 2026 net sales are still expected to decline 1.5% to 5.5%, the company said.

Price: 13.42, Change: +2.63, Percent Change: +24.34