07:30 AM EDT, 05/09/2024 (MT Newswires) -- Viatris ( VTRS ) reported Q1 adjusted earnings Thursday of $0.67 per diluted share, down from $0.77 a year earlier.

Analysts polled by Capital IQ expected $0.67.

Total revenue for the quarter ended March 31 was $3.66 billion, compared with $3.73 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.69 billion.

The company reduced its full-year 2024 adjusted earnings guidance to $2.66 to $2.81 per diluted share, from $2.70 to $2.85. Analysts polled by Capital IQ expect $2.74.

The company also cut its revenue outlook for the year to $14.98 billion to $15.48 billion, from $15.25 billion to $15.75 billion. Analysts surveyed by Capital IQ expect $15.19 billion.

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