Merck & Co beats estimates and raises guidance
US pharma giant Merck & Co (NYSE: MRK) recorded second-quarter sales of $14.6 billion, a rise of 28% on the same period in 2021 and well above the FactSet consensus of $13.87 billion.
"Well-positioned to achieve our near- and long-term goals"Net income more than tripled, to $3.94 billion, or $1.55 a share, from $1.21 billion, or $0.48 a share, in the year-ago period.
Excluding non-recurring items, adjusted earnings per share (EPS) of $1.87 exceeded the $1.70 anticipated by analysts.
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