We recently published 10 Stocks on a Hot Streak. Viatris Inc. is one of the best-performing stocks on Tuesday.
Viatris rallied for a third day on Tuesday, jumping 10.13 percent to close at $11.20 apiece after reaffirming its growth targets at the recently concluded UBS Healthcare Conference.
According to the company, it targets to return this year worth $1 billion of capital to shareholders by way of dividend distribution and share repurchases.
Year-to-date, Viatris Inc. has successfully returned more than $920 million of capital to shareholders, which included $500 million in share repurchases.
Earlier this month, Viatris Inc. provided its revenue growth guidance for full-year 2025, raising it to a range of $13.9 billion to $14.3 billion from the $13.5 billion to $14 billion previously.
Adjusted EBITDA was also upgraded to a range of $4 billion to $4.2 billion, from $3.89 billion to $4.19 billion earlier.
In the third quarter of the year, Viatris Inc. swung to a net loss of $128.2 million from a $94.8 million net income in the same period last year. Revenues were flat at $3.7 billion.
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This article is originally published at Insider Monkey.
