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.

United States United States Latest News, United States United States 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 »