China and Keytruda keep Merck & Co above estimates

30 April 2019

Merck & Co (NYSE: MRK) started 2019 as it left off in 2018 — by beating analysts’ estimates with its quarterly results.

Sales at the US pharma giant were $10.82 billion for the quarter, up 8% on the same period of 2018 and above the consensus Wall Street forecast of $10.5 billion.

Net income rose to $2.92 billion, or $1.12 per share, in the first quarter, from $736 million, or $0.27 per share, a year earlier.

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