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Mylan posts profit of $56.6 million in 1st quarter

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CANONSBURG, Pennsylvania — Mylan Inc. (MYL) on Tuesday reported first-quarter net income of $56.6 million.

The Canonsburg, Pennsylvania-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 70 cents per share.

The generic drugmaker posted revenue of $1.87 billion in the period.

Mylan shares have climbed 29 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1.5 percent. In the final minutes of trading on Tuesday, shares hit $72.89, a climb of 46 percent in the last 12 months.

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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

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Keywords: Mylan, Earnings Report

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