Mylan lands better-than-expected 1st-qtr income, falls short on revenue

10 May 2017

Netherlands-incorporated Mylan (Nasdaq: MYL) has unveiled first quarter 2017 results indicating a 24% increase in revenue compared with the same period a year before.

The company reported sales of $2.72 billion, just shy of the Financial Times consensus forecast of $2.84 billion.

Shares in the American maker of the EpiPen (epinephrine) rose almost 3% in premarket trading before losing ground after the opening bell. They are now trading almost 3% down on yesterday's close.

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