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0.000485672656629508 0.000485672656629508 -0.000728508984944175 0.00169985429820302 -0.00424963574550746 -0.00558523555123839 -0.00692083535696932 -0.0171199611461874
Stock impact report

Merck's stock gains after profit and sales beat, but outlook is downbeat [MarketWatch]

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: MarketWatch
Shares of Merck & Co. Inc. rose 1% in premarket trading Tuesday, after the drug giant reported first-quarter profit and sales that beat expectations, but provided a downbeat full-year outlook. Net income rose to $3.22 billion, or $1.26 a share, from $3.18 billion, or $1.12 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to $1.50 from $1.22, above the FactSet consensus of $1.34. Sales increased 11% to $12.06 billion to beat the FactSet consensus of $11.48 billion. The company said the impact of the COVID-19 pandemic on first-quarter results was "immaterial," but expects full-year revenue to be reduced by $2.1 billion, including a $1.7 billion negative impact in the pharmaceuticals business and a $400 million impact in animal health. Merck cuts its 2020 outlook for adjusted EPS to $5.17 to $5.37--the FactSet consensus is $5.59--and for revenue to $46.1 billion to $48.1 billion, below expectations of $48.8 billion. The stock has declined 2 Show less Read more
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