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Mylan ticks higher after reporting earnings and reaffirming guidance

Mylan shares rose more than 1 percent after the company reported third-quarter earnings Wednesday, missing analysts' expectations on both its top and bottom lines.

The drug maker posted adjusted earnings of $1.38 per share on revenues of $3.06 billion. Analysts expected earnings of $1.45 per share on $3.12 billion, according to a Thomson Reuters consensus estimate.

Mylan CEO Heather Bresch reaffirmed the company's 2016 EPS guidance and its 2018 EPS target, saying the company reported strong performance across its "European and Rest of World regions."

"We remain committed to our recently updated full year 2016...


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