DUBLIN (AP) _ Perrigo Co. (PRGO) on Thursday reported first-quarter profit of $106.4 million.

The Dublin-based company said it had net income of 77 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.14 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The drug company posted revenue of $1.34 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.32 billion.

Perrigo shares have climbed 6% since the beginning of the year, while the Standard & Poor's 500 index has decreased 9%. The stock has increased 6.5% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGO at https://www.zacks.com/ap/PRGO

Automated Insights, source Associated Press News