Merck & Co. Inc.’s stock MRK rose 2% premarket Thursday, after the company posted better-than-expected first-quarter earnings and offered guidance that topped estimates. Rahway, N.J.-based Merck posted net income of $2.821 billion, or $1.11 a share, for the quarter, down from $4.310 billion, or $1.70 a share, in the year-earlier period. Adjusted per-share earnings came to $1.40, ahead of the $1.32 FactSet consensus. Sales fell 9% to $14.487 billion from $15.
-based Merck posted net income of $2.821 billion, or $1.11 a share, for the quarter, down from $4.310 billion, or $1.70 a share, in the year-earlier period. Adjusted per-share earnings came to $1.40, ahead of the $1.32 FactSet consensus. Sales fell 9% to $14.487 billion from $15.901 billion, also ahead of the $13.793 billion FactSet consensus. The profit decline was due to 52 cents of charges related to the acquisition of Imago BioSciences Inc.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »