Mylan Inc. (MYL) reported that its third-quarter net loss attributable to Mylan common shareholders was $40.02 million or $0.13 per share, compared to profit of $182.36 million or $0.47 per share in the same quarter last year.
Adjusted earnings for the quarter were $0.32 per share, up from $0.23 in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $1.26 billion, compared to $1.66 billion in the prior year quarter. Fifteen analysts had consensus revenue estimate of $ 1.23 billion for the quarter.
The company raised its 2009 adjusted earnings guidance to a range of $1.24 - $1.28 per share, from the prior range of $1.13 - $1.20 per share. Analysts expected the company to report earnings of $1.17 per share for fiscal 2009.
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