CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Viatris Inc (VTRS) on Thursday reported first-quarter net income of $113.9 million.
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of 9 cents. Earnings, adjusted for one-time gains and costs, came to 67 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The generic drugmaker posted revenue of $3.66 billion in the period.
Viatris expects full-year earnings in the range of $2.66 to $2.81 per share, with revenue in the range of $14.98 billion to $15.48 billion.
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