BUZZ-Viatris rises after quarterly results beat estimates
Reuters
Aug 07
BUZZ-Viatris rises after quarterly results beat estimates
Updates
** Shares of generic drugmaker Viatris VTRS.O rise 2.2% to $8.9
** VTRS postsQ2 adj. profit of 62 cents per share compared with analysts' estimate of 56 cents - data compiled by LSEG
** Its quarterly revenue came in at $3.58 billion vs estimates of $3.47 billion
** Company reaffirms its 2025 revenue forecast to be between $13.5 billion and $14 billion
** Also reaffirms its annual adj. profit per share to be between $2.16 and $2.30
** J.P.Morgan says "we see continued core portfolio execution and capital deployment as key drivers of the stock from here"
** Including session moves, stock down 27.8% YTD
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
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