Merck Reports Increased Profits; Misses on Revenue (MRK)

Merck Reports Increased Profits; Misses on Revenue (MRK)

RSS

Health care company, Merck & Co., Inc.(MRK) reported increased profits for the quarter on Friday, but missed on revenue.

The Whitehouse Station, NJ based company reported third quarter earnings of $1.73 billion, or 56 cents a share, rising 2% from last years reported earnings of $1.69 billion, or 55 cents a share. Excluding special items, adjusted quarter earnings were 95 cents a share, beating analysts estimate of 92 cents.

Reported revenue declined by 4% to 11.49 billion, missing expectations of $11.57 billion.

Merck & Co. shares were down 30 cents, or -0.65% during premarket trading Friday.

The Bottom Line
Shares of Merck (MRK) have a 3.63% dividend yield, based on last night’s closing stock price of $46.30. The stock has technical support in the $42 price area. If the shares can firm up, we see overhead resistance around the $47-$50 price levels.

Merck & Co., Inc.(MRK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today