Earnings Outlook: Mylan reports first-quarter earnings on Tuesday. Here’s what to expect [MarketWatch]
MYLAN NV ORDINARY SHARES (MYL)
Last mylan nv ordinary shares earnings: 2/27 04:01 pm
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Source: MarketWatch
Mylan reports first-quarter earnings on Tuesday. Here’s what to expect EpiPen maker Mylan N.V. is set to report first-quarter earnings Tuesday morning before the market opens. This comes after a rough fourth quarter for the company. Shares of Mylan MYL, +0.89% plummeted in late February after the company announced it had missed revenue expectations and gave weak guidance for the year. Mylan has been dealing with a difficult pricing environment for generic drugs, which bring in the bulk of the company’s sales. Prices have been falling amid a push by government regulators to speed up the approval of generic drugs to increase competition. And one of Mylan’s star products, the EpiPen, is facing continued competition from Teva Pharmaceutical Industries Ltd’s TEVA, -1.91% generic version — sales from the EpiPen are expected to fall to $31 million from $57 million a year ago. In case you missed it : Declining sales of blockbuster drug drag Teva revenue lower Also read : Prescription
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