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Mylan second-quarter profit edges higher; EPS forecast unchanged

Mylan NV (MYL.O) on Tuesday reported slightly higher second quarter profit on increased demand for its generic medicines and specialty drugs, such as the EpiPen injector for severe allergic reactions, and expressed confidence in its long-range earnings forecast for 2018.

However, for the second successive quarter the company kept in place its 2016 full-year forecast for adjusted earnings of $4.85 to $5.15 per share, and its shares fell nearly 2 percent.

Mylan said it could not provide a forecast for net earnings due to an inability "to predict with reasonable certainty" some...


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