earnings
confidence high
sentiment positive
materiality 0.75
Viatris Q2: GAAP net loss $326M, adjusted EPS $0.69 up ~3%; raises new product revenue guidance
Viatris Inc
2024-Q2 EPS reported
-$0.18
revenue$7,460,000,000
- Total revenues $3.8B, operational growth ~2% on divestiture-adjusted basis; GAAP revenue declined ~3%
- GAAP net loss of $326M ($0.27 diluted loss per share); adjusted EPS $0.69, up ~3% on divestiture-adjusted basis
- Adjusted EBITDA $1.2B, up ~2% on same basis; new product revenues $210M in the quarter
- Raises 2024 new product revenue guidance to $500M-$600M; expects FY total revenue growth ~2% on divestiture-adjusted operational basis