Company News: Merck (MRK) quarterly earnings beat analysts’ forecast

Market news

25 October 2018

Company News: Merck (MRK) quarterly earnings beat analysts’ forecast

Merck (MRK) reported Q3 FY 2018 earnings of $1.19 per share (versus $1.11 in Q3 FY 2017), beating analysts' consensus estimate of $1.14.

The company's quarterly revenues amounted to $10.794 bln (+4.5% y/y), slightly missing analysts' consensus estimate of $10.896 bln.

The company also issued guidance for FY 2018, projecting EPS of $4.30-4.36 (compared to its prior guidance of $4.22-4.30 and analysts' consensus estimate of $4.29) and revenues of $42.1-42.7 bln (compared to its prior guidance of $42-42.8 bln and analysts' consensus estimate of $42.54 ).

MRK rose to $71.50 (+1.36%) in pre-market trading.

ECB said it expects to end bond purchases through its EUR2.5 trillion ($2.9 trillion) bond-buying program, known as quantitative easing or QE, at the end of December

ECB holds interest rates unchanged, as expected

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