Mylan Earnings Beat, Revenue Misses In Q1

Investing.com – Mylan (NASDAQ:) reported on Monday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Mylan announced earnings per share of $ 0.9 on revenue of $ 2.62B. Analysts polled by Investing.com anticipated EPS of $ 0.87 on revenue of $ 2.65B. That with comparison to EPS of $ 0.82 on revenue of $ 2.5B in the same period a year before. Mylan had reported EPS of $ 1.4 on revenue of $ 3.19B in the previous quarter. Analysts are expecting EPS of $ 1.02 and revenue of $ 2.83B in the upcoming quarter.

Mylan shares are down 12.59% from the beginning of the year , still down 23.97% from its 52 week high of $ 23.11 set on February 6. They are under-performing the which is down 9.7% year to date.

Mylan shares gained 0.28% in pre-market trade following the report.

Mylan follows other major Healthcare sector earnings this month

Mylan’s report follows an earnings beat by J&J on April 14, who reported EPS of $ 2.3 on revenue of $ 20.69B, compared to forecasts EPS of $ 2.02 on revenue of $ 19.73B.

Pfizer had beat expectations on April 28 with first quarter EPS of $ 0.8 on revenue of $ 12.03B, compared to forecast for EPS of $ 0.73 on revenue of $ 11.81B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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