Mylan NV (MYL) Releases Earnings Results, Reports EPS of $0.76 EPS

Mylan NV (MYL) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.76 EPS for the quarter. Analysts had a consensus estimate of $0.76. The company posted revenue of $2191.30 million in the period, compared to analysts expectations of $2237.03 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Mylan NV. Mylan NV was Initiated by Wells Fargo to “Market Perform” on Feb 19, 2016.

Mylan NV opened for trading at $42.1 and hit $42.76 on the upside on Monday, eventually ending the session at $42.71, with a gain of 2.40% or 1 points. The heightened volatility saw the trading volume jump to 59,99,549 shares. Company has a market cap of $21,711 M.

In a different news, on Apr 29, 2016, Melina E Higgins (director) purchased 35,000 shares at $42.92 per share price. According to the SEC, on Apr 8, 2016, Robert J Coury (Executive Chairman) sold 217,755 shares at $45.96 per share price. On Apr 4, 2016, Joseph C Md Maroon (director) purchased 4,337 shares at $46.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Mylan N.V. formerly Mylan Inc. is a global pharmaceutical company which develops licenses manufactures markets and distributes generic branded generic and specialty pharmaceuticals. Mylan operates in two segments: Generics and Specialty. The Company’s generic pharmaceutical business is conducted primarily in the United States and Canada (collectively North America); Europe the Middle East and Africa (collectively EMEA); and India Australia Japan and New Zealand (collectively Asia Pacific). Its specialty pharmaceutical business is conducted by Mylan Specialty L.P. (Mylan Specialty). The Company’s API business is conducted through Mylan Laboratories Limited (Mylan India) which is included within the Asia Pacific region in its Generics Segment. Mylan provides products to customers in approximately 140 countries and territories.

Mylan NV

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