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Merck shares rise premarket as earnings top estimates

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Merck shares rise premarket on earnings beat, raised guidance

Merck & Co. Inc. shares MRK, +0.20% rose 2.6% in premarket trade Tuesday, after the drug company posted stronger-than-expected earnings for the first quarter and raised guidance for the full year. The company said it had net income of $2.915 billion, or $1.12 a share, in the quarter, up from $736 million, or 27 cents a share, in the year-earlier quarter, when it booked a charge on a venture with Eisai Co. Ltd. Adjusted per-share earnings came to $1.22, ahead of the $1.05 FactSet consensus.

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