Merck & Co's quarter beats estimates but not 2022 guidance
Pharma giant Merck & Co (NYSE: MRK) has announced financial results for the fourth quarter and full year of 2021.
Sales at the US group were $13.52 billion during the fourth quarter, a 24% increase on the same period in 2020 and ahead of analysts’ expectations of around $13.2 billion.
Merck also posted fourth-quarter earnings of $4.58 billion, or $1.80 a share, up from last year when it earned $2.49 billion, or $0.98 a share. Analysts were expecting earnings of $1.53 a share on average, according to Refinitiv IBES data.
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