Mallinckrodt (MNK) Tops Q1 EPS by 5c

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Mallinckrodt plc Reports Earnings Results for First Quarter of Fiscal 2017

May 8, 2017 6:00 AM EDT

STAINES-UPON-THAMES, United Kingdom, May 8, 2017 /PRNewswire/ -- Mallinckrodt plc (NYSE: MNK), a leading global specialty pharmaceutical company, today reported results for the first quarter fiscal 2017. Unless otherwise noted, all comparisons of the first quarter fiscal 2017 are to the comparable period in fiscal 2016 ended Mar. 25, 2016.

Net sales were $810.9 million in the first quarter, down 0.6%, or 0.4% on a constant-currency basis. GAAP gross profit was $418.6 million with gross profit as a percentage of net... More