India, Aug. 6 -- Perrigo Company plc (PRGO) shares dropped 12.73 percent to $23.23 on Wednesday after the company reported a larger-than-expected net loss for the second quarter of 2025. The company posted a net loss of $1 million, compared to a loss of $106 million in the same quarter last year. Net sales declined slightly to $1.056 billion from $1.066 billion.
The stock opened at $22.25 and traded between $21.06 and $23.41 during the session on the New York Stock Exchange. Volume spiked to 5.56 million shares, significantly above its average of 1.14 million. Perrigo is now hovering near its 52-week low of $21.06, well below the high of $30.93.
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