Merck raises 2024 profit forecast on strong cancer, HPV drugs sales [Reuters]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Reuters
The New Jersey-based drugmaker said it expected earnings of $8.53 and $8.65 per share, up from its previous prediction of $8.44 to $8.59, and sales of $63.1-$64.3 billion for the year. Merck's new forecast includes a $0.26 per share charge for its of cancer drug developer Harpoon Therapeutics, which closed in the first quarter of 2024, the company said. The drugmaker in February between $62.7 billion and $64.2 billion. Analysts, on average, estimate annual earnings per share of $8.56 and sales of $63.83 billion, according to LSEG data. Merck reported first-quarter profit of $2.07 per share on an adjusted basis, compared with analysts estimates of $1.88 per share, according to LSEG data. Sales came in at $15.8 billion, rising 9% and beating average analyst predictions of $15.2 billion for the quarter. Sales of Keytruda stood at $6.9 billion for the quarter, jumping 20% from the previous year and surpassing analysts' average estimate of $6.66 billion. Keytruda, the world's to
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MRK
Earnings
- 4/25/24 - Beat
MRK
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- MRK's page on the SEC website