Wednesday, May 9, 2018

Mylan Q1 Profit Up 31%, But Results Miss View; Reaffirms FY18 Outlook

Drugmaker Mylan N.V. on Wednesday reported a 31 percent increase in profit for the first quarter from last year as lower expenses and a tax benefit helped offset a slight decline in revenues. However, both revenue and adjusted earnings missed analysts' expectations. North America segment net sales fell 19 percent. Looking ahead, the company reaffirmed its financial outlook for fiscal 2018.

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