Viatris Inc. (VTRS) shares surged 5.27% in pre-market trading on Thursday, following the release of the company's first-quarter financial results that significantly exceeded analyst expectations.
The pharmaceutical company reported adjusted earnings per share of $0.59 for Q1 2026, beating the consensus estimate of $0.50. Revenue rose 8% year-over-year to $3.52 billion, also surpassing the expected $3.36 billion. The strong performance was primarily driven by exceptional growth in the Greater China region, where revenue increased by 22%, and robust sales of branded medicines including Lipitor and Norvasc.
Viatris also reaffirmed its full-year 2026 guidance, projecting adjusted EPS in the range of $2.33 to $2.47 on revenue of $14.45 billion to $14.95 billion, which aligns with market expectations. The company's return to profitability, with net earnings of $176.4 million compared to a loss a year earlier, further bolstered investor confidence ahead of the regular trading session.
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