Merck: Q3 Earnings Snapshot

Published 1 week ago Positive
Merck: Q3 Earnings Snapshot
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RAHWAY, N.J. (AP) — RAHWAY, N.J. (AP) — Merck & Co. (MRK) on Thursday reported third-quarter earnings of $5.79 billion.

The Rahway, New Jersey-based company said it had net income of $2.32 per share. Earnings, adjusted for one-time gains and costs, came to $2.58 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.

The pharmaceutical company posted revenue of $17.28 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $17.06 billion.

Merck expects full-year earnings in the range of $8.93 to $8.98 per share, with revenue in the range of $64.5 billion to $65 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRK at https://www.zacks.com/ap/MRK

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