Mylan misses revenue estimates as EpiPen sales dip

Reuters 

(Reuters) - Drugmaker NV's first-quarter revenue fell short of Wall Street forecasts as sales of emergency allergy shot declined and the company faced intensifying competition in

faces fresh worries of supply constraints for EpiPen, and on Tuesday it warned U.S. customers may have trouble getting prescriptions filled due to problems at a

The company's revenue fell 1.3 percent to $2.68 billion in the three months ended March 31, missing analysts' average expectation of $2.75 billion, according to I/B/E/S.

sales of Mylan's branded products including fell $108.7 million.

The company's net income rose 31 percent to $87.1 million or 17 cents per share in the first quarter.

Excluding one-time items, earned 96 cents per share, matching analysts' expectations.

(Reporting by in Bengaluru; Editing by Sai Sachin Ravikumar)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 09 2018. 18:49 IST