Merck slips as relentless Keytruda cancelled out by Gardasil dip
Shares in Merck & Co (NYSE: MRK) were more than 2% lower as New York trading entered its latter half on Thursday.
The US pharma giant earlier announced its financial results for the third quarter of 2024, along with its latest guidance for the year as a whole.
Quarterly sales grew 4% to $16.66 billion, exceeding analyst forecasts of $16.45 billion, while the company’s adjusted earnings for the quarter, of $1.57 a share, beat the average analyst estimate by $0.07, despite being 26% down on the same period of 2023.
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