Tuesday, October 27, 2020

Merck Updates FY20 Guidance; Q3 Profit Tops Estimates - Quick Facts

Merck (MRK) narrowed and raised its full-year 2020 non-GAAP earnings per share guidance range to be between $5.91 and $6.01, including a negative impact from foreign exchange of approximately 2.5% at mid-October exchange rates. The company narrowed and raised its full-year 2020 revenue outlook range to be between $47.6 billion and $48.6 billion, including a negative impact from foreign exchange of approximately 1.5% at mid-October exchange rates. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.71 on revenue of $48 billion. Analysts' estimates typically exclude special items.

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