Merck shares rise premarket as earnings top estimates

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.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Henry Bloch, co-founder of tax company H&R Block, dies at 96Henry Bloch, who helped found tax preparation giant H&R Block, died Tuesday at age 96, the company announced. Awesome
Source: CNBC - 🏆 12. / 72 Read more »

Canopy Growth’s quiet co-CEO on the pot company’s ambitions in the U.S. and moreCanopy Growth Corp. co-Chief Executive Bruce Linton rarely declines an opportunity to talk with the news media, often making dozens of appearances in a day.... I need a broker that’s not gonna charge me equal to what I’m trying to invest
Source: MarketWatch - 🏆 3. / 97 Read more »