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Merck stock pops premarket after Q1 earnings beat

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Merck & Co. Inc.’s stock rose 2% premarket Thursday, after the company posted better-than-expected first-quarter earnings and offered guidance that topped...

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.

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