Mylan NV reported a second-quarter profit on Thursday, helped in part by strong sales of its newly launched products such as asthma drug Wixela.
FILE PHOTO: Logo of Mylan Laboratories, a company primarily engaged in the commercialization of generic drugs is pictured in Merignac near Bordeaux, France, September 19, 2019.
Regis DuvignauThe drugmaker reported net earnings of US$39.4 million, or 8 cents per share, in the three months ended June 30, compared to a loss of US$168.5 million, or 33 cents per share, a year earlier.Total revenue of the company, whose merger with Pfizer Inc's off-patent branded drugs unit has been delayed by the pandemic, fell to US$2.73 billion from US$2.85 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MetLife quarterly profit nosedives on lower premiums, private equity lossesU.S. insurer MetLife Inc on Wednesday posted a 43per cent drop in quarterly adjusted earnings, spurred by declining premium income and private ...
Read more »
Spirit posts second straight quarterly loss as virus hits aero parts demandAirplane parts maker Spirit AeroSystems Holdings Inc reported a loss for the second straight quarter on Tuesday, as its main customers Boeing Co ...
Read more »
BMW plunges to second-quarter EBIT loss as coronavirus pandemic hits car salesBMW said it expected an operating profit for the full year even as coronavirus lockdowns pushed the carmaker to a second-quarter operating loss ...
Read more »
BMW plunges to second-quarter EBIT loss as COVID-19 pandemic hits car salesBMW said it expected an operating profit for the full year even as coronavirus lockdowns pushed the carmaker to a second-quarter operating loss ...
Read more »
CVS quarterly profit soars nearly 54per cent on lower medical costsCVS Health Corp reported a 53.7per cent rise in quarterly profit on Wednesday, as lower medical costs in the company's health insurance business ...
Read more »
Hilton swings to quarterly loss as coronavirus hammers bookingsHilton Worldwide Holdings Inc on Thursday swung to a quarterly loss, as the coronavirus pandemic wiped out global travel demand and hammered ...
Read more »