Company News: Merck (MRK) reported better than expected fourth quarter profits

Market news

4 February 2015

Company News: Merck (MRK) reported better than expected fourth quarter profits

Merck (MRK) earned $0.87 per share in the fourth quarter, beating analysts' estimate of $0.86. Revenue in the fourth quarter decreased 7.4% year-over-year to $10.48 billion, but exceeding analysts' estimate of $10.47 billion.

The company released its forecasts for 2015. EPS is expected to be $3.32-$3.47 (analysts' estimate: $3.48). Revenue is expected to be $38.3-$39.8 billion (analysts' estimate: $40.95 billion).

Merck (MRK) shares decreased to $60.02 (-1.64%) prior to the opening bell.

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