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CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Viatris Inc (VTRS) on Thursday reported a loss of $3.04 billion in its first quarter.
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had a loss of $2.55. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The generic drugmaker posted revenue of $3.25 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.23 billion.
Viatris expects full-year earnings in the range of $2.16 to $2.30 per share, with revenue in the range of $13.5 billion to $14 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VTRS at https://www.zacks.com/ap/VTRS