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More on Mylan Q2: Net income rises 28%

Aug. 01, 2013 9:07 AM ETViatris Inc. (VTRS) StockVTRSBy: Yigal Grayeff, SA News Editor
  • Mylan (MYL +1%): Net income +28% to $178M as revenue comes in flat at $1.7B.
  • Expects FY sales to come in at low end of guidance of $7-7.4B, due to dollar strength vs Japanese yen and Indian rupee. Consensus is for $7.07B.
  • Reiterates FY EPS outlook of $2.75-2.95 vs consensus of $2.87.
  • Enjoyed "continued robust growth in Europe, marking the fourth consecutive quarter of growth in this region."
  • Solid double-digit growth in Asia Pacific.
  • Double-digit growth in Specialty business; now expects this segment to expand 20% in 2013. (previous) (PR)

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