— The pharmaceutical company's stock plummeted nearly 18% on the back of mixed quarterly results. Mylan reported earnings per share that beat expectations, but its revenue fell short. Mylan posted revenue of $2.496 billion, while analysts polled by Refnitiv expected sales to come in at $2.691 billion. The drugmaker said it was hurt by restructuring at its West Virginia plant and a stronger dollar.— Shares of Regeneron Pharmaceuticals dropped 5.
8 million for the previous quarter, while analysts polled by Refinitiv had forecast sales of $145 million. The company also issued better-than-expected sales guidance for the second quarter.— Allergan fell more than 3% despite posting results that topped analyst expectations. The pharmaceutical company posted adjusted earnings per share of $3.79 on revenue of $3.597 billion. Analysts polled by Refinitv expected a profit of $3.55 per share on revenue of $3.54 billion.
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