BUZZ-Viatris rises after first-quarter results beat estimates

Viatris, Inc.

Viatris, Inc.

VTRS

0.00

** Shares of drugmaker Viatris VTRS.O rise 6.7% to $17.02

** Co posts Q1 adjusted profit of 59 cents per share, up 18% from a year earlier, helped by strong growth in China and emerging markets

** Analysts were expecting adjusted EPS of 50 cents per share, according to data compiled by LSEG

** Posts Q1 revenue of $3.52 billion, beating estimates of $3.36 billion

** Revenue from its China business rose 22% to $680.1 million, exceeding expectations of $547.7 million

** "We believe the fact that the company has transitioned to clean results is underappreciated with reported revenue guide now in positive territory," Barclays analysts say

** Including session's move, VTRS up 38.9% YTD


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