Tuesday, May 15, 2018

Merck KgaA Stock Down On Weak Q1 Profit; Confirms FY18 Organic View

Shares of Merck KGaA were losing around 3 percent in the early morning trading in Germany after the drug major reported Tuesday a lower profit in its first quarter as net sales were hurt by negative foreign exchange effects. Further, the company, which is in deal with Procter & Gamble to sell its global Consumer Health business, said its sale will hurt fiscal 2018 results.

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