Mylan Reports Third Quarter Adjusted Diluted EPS of $0.32
Mylan Raises 2009 Adjusted Diluted EPS Guidance Range to $1.24 - $1.28
Solid Operational Performance and Strong Cash Flow Continue to Build Earnings Momentum
PRNewswire
PITTSBURGH
(NASDAQ-NMS:MYL)
PITTSBURGH, Oct. 29 /PRNewswire-FirstCall/ -- Mylan Inc. (NASDAQ: MYL) today announced its financial results for the three and nine months ended September 30, 2009.
Financial Highlights
- Adjusted diluted EPS of $0.32 and $0.97 for the three and nine months ended September 30, 2009, compared to $0.23 and $0.52 for the same prior year periods;
- Total revenues of $1.26 billion for the three months ended September 30, 2009;
- Total revenues of $3.74 billion for the nine months ended September 30, 2009;
- On a GAAP basis, a loss per diluted share of $0.13 for the three months ended September 30, 2009;
- On a GAAP basis, earnings per diluted share of $0.29 for the nine months ended September 30, 2009.
Mylan's Chairman and CEO Robert J. Coury commented: "I am particularly pleased with these results in light of the fact that they were achieved through higher volumes, market growth, and multiple new product launches across the globe and not from any one product. This is clearly indicative of the efficient, globally diverse business model that we've created and is reflective of our operators' continued exemplary execution that has led to the accelerated realization of our integration-related synergies."
Coury continued: "We are increasing the range of our full year 2009 adjusted diluted EPS guidance to $1.24 - $1.28, and we are confident that this momentum will continue into 2010 and enable us to once again deliver the revenue and earnings performance growth that we envision."
( Last Updated: 01-11-2009 )