Drugmaker Merck beats profit estimate on Keytruda strength [Reuters]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Reuters
Drugmaker Merck beats profit estimate on Keytruda strength | Reuters 2 Min Read (Reuters) - Merck & Co Inc ( MRK.N ) reported a bigger-than-expected third-quarter profit on Thursday, driven by higher demand for its blockbuster cancer immunotherapy Keytruda, and the U.S. drugmaker announced a $10 billion share buyback. The company raised its full-year adjusted earnings forecast, but narrowed its revenue expectation to account for a hit from a stronger dollar. Sales of Keytruda, which helps the immune system fight cancer, rose 80.4 percent to $1.89 billion from a year earlier and topped estimates of $1.87 billion, according to six analysts polled by Refinitiv. Merck raised and tightened its full-year adjusted earnings forecast to a range $4.30 to $4.36 per share, from its prior view of $4.22 to $4.30. The company narrowed its full-year revenue forecast to between $42.1 billion and $42.7 billion. It had previously forecast full-year sales of $42 billion to $42.8 billion. Merck reported
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MRK
Earnings
- 2/1/24 - Beat
MRK
Sec Filings
- 3/28/24 - Form PX14A6G
- 3/19/24 - Form S-3ASR
- 3/19/24 - Form S-3ASR
- MRK's page on the SEC website