Mylan Earnings Beat, Revenue Misses In Q2

Mylan Earnings Beat, Revenue Misses In Q2
imageStock Markets40 minutes ago (Aug 06, 2020 06:49AM ET)

(C) Reuters. Mylan Earnings Beat, Revenue Misses In Q2 – Mylan (NASDAQ:MYL) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Mylan announced earnings per share of $1.11 on revenue of $2.73B. Analysts polled by anticipated EPS of $1 on revenue of $2.74B.

Mylan shares are down 15.92% from the beginning of the year, still down 26.87% from its 52 week high of $23.11 set on February 6. They are under-performing the Nasdaq which is up 22.58% from the start of the year.

Mylan’s report follows an earnings beat by J&J on July 16, who reported EPS of $1.67 on revenue of $18.34B, compared to forecasts EPS of $1.49 on revenue of $17.61B.

Roche Holding ADR had beat expectations on July 23 with second quarter EPS of $1.45 on revenue of $15.27B, compared to forecast for EPS of $1.42 on revenue of $15.43B.

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Mylan Earnings Beat, Revenue Misses In Q2

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