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Viatris Swings to Q1 Loss, Revenue Increases; Reaffirms 2021 Revenue Outlook

05/10/2021 04:07

07:56 AM EDT, 05/10/2021 (MT Newswires) -- Viatris (VTRS) on Monday swung to a Q1 loss of $0.86 per share from earnings of $0.04 per share a year earlier. The consensus estimate of analysts polled by Capital IQ was for a loss of $0.13 per share.

The health care company reported revenue of $4.43 billion for the quarter ended March 31, up from $2.62 billion in the prior-year period. The consensus estimate of analysts polled by Capital IQ was for revenue of $4.2 billion.

Looking ahead, Viatris reaffirmed its 2021 revenue guidance for $17.2 billion to $17.8 billion. The consensus estimate of analysts polled by Capital IQ was for revenue of $17.51 billion.

Adjusted EBITDA for the year is still expected to be between $6 billion to $6.4 billion.

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