NEW YORK (TheStreet) -- Mylan (MYL) shares are down -2.1% to $46.93 on Thursday after the company lowered the top line of its full year earnings guidance to $3.45 from $3.60, while also lowering its top line full year revenue guidance to $8 billion from $8.2 billion.
The pharmaceutical company reported second quarter earnings of 69 cents per diluted share, 3 cents short of analysts expectations, on revenue of $1.84 billion that fell short of the $1.9 billion analysts were expecting.
TheStreet Ratings team rates MYLAN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MYLAN INC (MYL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: MYL Ratings Report