Company News: Merck (MRK) quarterly results beat analysts’ expectations

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30 julio 2019

Company News: Merck (MRK) quarterly results beat analysts’ expectations

Merck (MRK) reported Q2 FY 2019 earnings of $1.30 per share (versus $1.06 in Q2 FY 2018), beating analysts’ consensus estimate of $1.16.

The company’s quarterly revenues amounted to $11.760 bln (+12.4% y/y), beating analysts’ consensus estimate of $10.943 bln.

The company also raised FY 2019 EPS guidance to $4.84-4.94 from $4.67-4.79 versus analysts’ consensus estimate of $4.82 and FY 2019 revenue guidance to $45.2-46.2 bln from $43.9-45.1 bln versus analysts’ consensus estimate of $44.68 bln.

MRK rose to $85.23 (+3.32%) in pre-market trading.

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