Mylan Q1 Profit Rises; Reaffirms Full Year Guidance - Quick Facts

(RTTNews) - Mylan Inc. (MYL) reported that its first-quarter net earnings to shareholders increased to $115.9 million or $0.29 per share, from $106.9 million or $0.27 per share, a year ago. Adjusted earnings per share was $0.66 for the three months ended March 31, 2014.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items. Net sales were $1.70 billion, compared to $1.62 billion. Total revenues increased to $1.72 billion from $1.63 billion. Analysts expected revenue of $1.78 billion for the quarter. Mylan reaffirmed its full year guidance, including the adjusted earnings per share guidance range of $3.25 to $3.60. Analysts expect the company to report full year earnings per share of $3.44.