Mylan Posts 4Q Results and 2017 Outlook Consistent With Our Expectations
Mylan’s 30% revenue and 29% adjusted EPS growth reported in the fourth quarter met our expectations. Our revenue forecast for $13 billion in revenue and adjusted EPS of $5.46 in 2017 also fell close to the midpoint of management’s outlook for the year, even though the company’s numbers include a small contribution from unannounced acquisitions. While recent acquisitions have boosted the firm’s reported growth, Mylan appeared to achieve low-single-digit growth in its base business. We plan to mak...
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