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Mylan’s second quarter profit jumps 28 percent

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CANONSBURG, Pa. (AP) — Mylan Inc.’s second-quarter earnings jumped 28 percent, as a drop in expenses helped the generic drugmaker counter sluggish revenue growth.

The Canonsburg, Pa., company said Thursday it earned $177.7 million, or 46 cents per share, in the three months that ended June 30. That compares to earnings of $138.6 million, or 33 cents per share, in last year’s quarter. Adjusted earnings, which exclude restructuring charges, amortization expense and other items, totaled 68 cents per share.

Revenue rose less than 1 percent to $1.7 billion.

Analysts surveyed by FactSet expected, on average, earnings 67 cents per share on $1.73 billion in revenue.

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