Friday, July 27, 2018

Merck Q2 Profit Tops Estimates; Worldwide Sales Up 5%

Merck (MRK) reported second-quarter non-GAAP EPS of $1.06 compared to $1.01, prior year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03 for the quarter. Analysts' estimates typically exclude special items. GAAP earnings per share were $0.63 compared to $0.71. Net income to Merck & Co. declined 12% year-over-year to $1.71 billion.

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