Viatris (VTRS) reported Q1 adjusted earnings Thursday of $0.50 per share, down from $0.67 a year earlier.

Analysts polled by FactSet expected $0.49.

Revenue for the quarter ended March 31 was $3.25 billion, down from $3.66 billion a year earlier.

Analysts surveyed by FactSet expected $3.24 billion.

The company raised its 2025 adjusted EPS guidance to between $2.16 and $2.30, up from the previous range of $2.12 to $2.26. Analysts polled by FactSet expect $2.22.

Revenue for the current year is still projected to be $13.50 billion to $14 billion, the company said. Analysts polled by FactSet expect $13.83 billion.

Shares of Viatris were up over 1% in recent premarket activity Thursday.