Mylan (MYL) PT Lowered to $24 at Cowen; 'This Will Likely End Badly'

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Go back to Mylan (MYL) PT Lowered to $24 at Cowen; 'This Will Likely End Badly'

Mylan Reports First Quarter 2019 Results and Reaffirms 2019 Guidance

May 7, 2019 8:30 AM EDT

HERTFORDSHIRE, England and PITTSBURGH, May 7, 2019 /PRNewswire/ -- Mylan N.V. (NASDAQ: MYL) today announced its financial results for the three months ended March 31, 2019.

First Quarter 2019 Financial Highlights

U.S. GAAP diluted loss per ordinary share ("U.S. GAAP EPS") of $(0.05) as compared to earnings of $0.17 per ordinary share in the prior year period. Total revenues of $2.50 billion, down 7% compared to the prior year period and adjusted diluted earnings per ordinary share ("adjusted EPS") of $0.82, down 15% over the prior year period. Revenue... More