Mylan Earnings: Everything You Must Know Now

Mylan, Inc. (NASDAQ:MYL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Mylan, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.23% to $0.62 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Rose 2.45% to $1.63 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mylan, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company met the mean analyst estimate of $0.62. It missed the average revenue estimate of $1.69 billion.

Quoting Management: Mylan Chief Executive Officer, Heather Bresch commented: “Our first quarter results provide a strong start to the year and are fully in line with our expectations. We generated double-digit, constant currency top-line growth in our European and Asia Pacific regions, and saw strong performance in our North American business. I am also very pleased with the performance of our Specialty segment, particularly our EpiPen® Auto-Injector franchise, which celebrates its 25th anniversary this year and continues to be an exciting growth opportunity. We remain very confident in our outlook for our business in 2013 and are reaffirming our full year guidance, including our adjusted diluted EPS guidance range of $2.75 to $2.95.”

Key Stats (on next page)…

Revenue decreased 4.16% from $1.7 billion in the previous quarter. EPS decreased 4.62% from $0.65 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.66 to a profit $0.69. For the current year, the average estimate has moved up from a profit of $2.80 to a profit of $2.87 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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