Thursday, May 14, 2020

Merck KGaA Q1 Profit Climbs, Cuts FY20 View Due To Covid-19; Stock Down

Shares of Merck KGaA were losing around 2 percent in the morning trading in Germany after the science and technology company on Thursday lowered its forecast for fiscal 2020 hurt by Covid-19 crisis, despite reporting strong first-quarter results. Merck said the Covid-19 crisis only had a moderate impact in the first quarter, but the effects would amplify in the coming months.

from RTT - Earnings https://ift.tt/2WNwvEU
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