Mylan N.V. (MYL) Tops Q3 EPS by 6c, Sales Miss; Reaffirms

Mylan N.V. (NASDAQ: MYL) reported Q3 EPS of $1.25, $0.06 better than the analyst estimate of $1.19. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.91 billion.

GUIDANCE:

Mylan CFO Ken Parks added: "Mylan continues to generate strong cash flow with more than $2.0 billion of adjusted free cash flow for the first nine months of 2018, up 6% from the prior year and a healthy 119% of adjusted net earnings of $1.7 billion. We remain confident in our full year adjusted free cash flow outlook. As anticipated, our capital deployment priority is focused on deleveraging in the second half of 2018, and we expect this to continue into 2019. We intend to repay at least $1.2 billion of debt maturing through year end 2019 and remain fully committed to maintaining our investment grade credit rating."

For earnings history and earnings-related data on Mylan N.V. (MYL) click here.

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