First quarter shows Mylan still struggling in USA and Europe
A miss in first quarter revenue estimates, coupled with manufacturing troubles at one of its US facilities, conspired to send Mylan (Nasdaq: MYL) shares plummeting nearly 20% on Tuesday morning in New York.
The firm reported total revenues of $2.5 billion, down 7% compared to the prior year period, and adjusted diluted earnings per share (EPS) of $0.82, down 15% over the prior year period.
The decrease in net sales, which included a 14% decline in Europe and 6% in North America, was partially offset by a 3% increase in the Rest of World segment.
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