Tough US market deals Mylan second quarter blow

8 August 2018

Generic and specialty pharmaceuticals firm Mylan (Nasdaq: MYL) has announced lower than expected second quarter 2018 revenues of $2.81 billion, down 5% compared to the prior year period.

Following Generally Accepted Accounting Principles (GAAP), the earnings per share figure was $0.07, down 87% from 2017.

Analysts had forecast sales of around $2.96 billion, according to the Financial Times. Ahead of the opening bell in New York, shares in the firm were trading almost 5% lower than the previous close.

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