the republic logo

Mylan posts 2Q profit of $167.8 million, result tops expectations

bug
Share/Save/Bookmark

CANONSBURG, Pennsylvania — Mylan Inc. (MYL) on Thursday reported second-quarter net income of $167.8 million.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, were 91 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The generic drugmaker posted revenue of $2.37 billion in the period.

Mylan expects full-year earnings in the range of $4.15 to $4.35 per share.

Mylan shares have declined 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has climbed 13 percent 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 MYL at http://www.zacks.com/ap/MYL

_____

Keywords: Mylan, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.