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HERTFORDSHIRE, England (AP) — Mylan Inc. (MYL) on Tuesday reported second-quarter net income of $168.4 million.

On a per-share basis, the Hertfordshire, England-based company said it had profit of 33 cents. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The generic drugmaker posted revenue of $2.56 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.61 billion.

Mylan expects full-year earnings in the range of $4.85 to $5.15 per share.

Mylan shares have decreased roughly 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 7 percent. In the final minutes of trading on Tuesday, shares hit $49.88, a decrease of 13 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYL at http://www.zacks.com/ap/MYL

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Keywords: Mylan, Earnings Report