KENILWORTH (NJ) (dpa-AFX) - Merck & Co Inc. (MRK) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $5.079 billion, or $2.01 per share. This compares with $4.762 billion, or $1.87 per share, last year.
Excluding items, Merck & Co Inc. reported adjusted earnings of $5.611 billion or $2.22 per share for the period.
Analysts on average had expected the company to earn $2.14 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.6% to $15.529 billion from $15.775 billion last year.
Merck & Co Inc. earnings at a glance (GAAP) :
-Earnings: $5.079 Bln. vs. $4.762 Bln. last year. -EPS: $2.01 vs. $1.87 last year. -Revenue: $15.529 Bln vs. $15.775 Bln last year.
-Guidance: Full year EPS guidance: $8.82 - $8.97 Full year revenue guidance: $64.1 - $65.6 Bln
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