Merck & Co keeps momentum going with share-boosting financial results
US pharma giant Merck & Co (NYSE: MRK) closed 6% higher in the stock market on Thursday after presenting an impressive set of financial results for the third quarter of 2021.
Sales hit an impressive $13.15 billion, a jump of 20% on the same quarter of 2020 and well above the FactSet consensus of $12.32 billion, while net income rose to $4.57 billion, or $1.80 a share, from $2.94 billion, or $1.16 a share, in the year-ago period.
Excluding nonrecurring items, adjusted earnings per share (EPS) rose to $1.75 from $1.37, and surpassed the FactSet consensus of $1.55.
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