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CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Viatris Inc (VTRS) on Thursday reported a loss of $326.4 million in its second quarter.
The Canonsburg, Pennsylvania-based company said it had a loss of 27 cents per share. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The generic drugmaker posted revenue of $3.8 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $3.82 billion.
Viatris expects full-year earnings in the range of $2.58 to $2.73 per share, with revenue in the range of $14.6 billion to $15.1 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