Why Mylan (MYL) Hit an All-Time High Today

NEW YORK (TheStreet) -- Mylan  (MYL) soared to an all-time high of $57.06 as of 2:57 p.m. EST on Thursday after the pharmaceutical company reported fourth-quarter earnings that surpassed analysts' expectations.

The company noted earnings of 78 cents a share, excluding items, which surpassed the Capital IQ consensus estimate of 75 cents a share. Revenue rose 5.9% year over year to $1.81 billion, which equaled the consensus estimate.

Mylan also issued guidance for the fiscal year 2014 and expects earnings per share of $3.25 to $3.60 and revenue of $7.8 billion to $8.2 billion. The Capital IQ consensus estimate calls for $3.43 a share on revenue of $7.73 billion.

Must Read: An Intraday Snapshot

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MYL Chart

MYL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists