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0 0.00207317073170734 -1.21951219498913E-06 -0.000609756097560941 -0.000365853658536599 -0.00121951219512188 -0.0198780487804878 -0.0170731707317072
Stock impact report

Merck expects brunt of pandemic will strike this quarter [ABC News]

Merck & Company, Inc. (new) (MRK) 
Last merck & company, inc. (new) earnings: 4/28 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.merck.com/home/default.aspx
Company Research Source: ABC News
The pandemic increased sales of Merck medicines during the first quarter as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands.Merck & Co. anticipates 2020 prescription drug sales will fall by $1.7 billion because the pandemic is keeping many patients with chronic conditions away from their doctors. About two-thirds of Merck’s medicine sales are for injected drugs administered by a doctor, from its blockbuster Keytruda and its portfolio of vaccines, to birth control implant Implanon and an anesthetic used in surgical procedures.The company lowered its outlook for the year Tuesday despite an 11% revenue jump and a profit increase of 10% in the most recent quarter.It expects sales of its veterinary medicines to dip by $400 million.Merck now expects full-year earnings per share of $5.17 to $5.37, excluding one-time items, down from its January forecast of $5.62 to $5.77 per share. The company now expect Show less Read more
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