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Perrigo (PRGO) Stock Slumps on Q2 Earnings Miss, Downbeat Guidance

NEW YORK (TheStreet) -- Shares of Perrigo (PRGO) were dropping 13.61% to $82.15 in pre-market trade on Wednesday after the company reported lower-than-expected 2016 second quarter earnings and provided downbeat guidance for the year.

The Allegan, MI-based drugmaker reported adjusted earnings of $1.93 per diluted share, below estimates of $1.98...