Mallinckrodt (MNK) Tops Q2 EPS by 12c; Reiterates Outlook

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Mallinckrodt plc Reports Earnings Results for Second Quarter of Fiscal 2017

August 8, 2017 6:00 AM EDT

STAINES-UPON-THAMES, United Kingdom, Aug. 8, 2017 /PRNewswire/ -- Mallinckrodt plc (NYSE: MNK), a leading global specialty pharmaceutical company, today reported results for the three-month and six-month periods ended June 30, 2017. Unless otherwise noted, all comparisons are to the prior year comparable three-month and six-month periods ended June 24, 2016.

Net sales were $824.5 million in the second quarter, down 4.9%, or 4.6% on a constant-currency basis. GAAP gross profit was... More