Before Wednesday’s opening bell, Merck (MRK ) reported higher fourth quarter profits and beat analysts’ expectations.
MRK’s Earnings in Brief
- The company reported net income of $7.316 billion, or $2.54 per share, up from $781 million, or 26 cents per share, last year.
- Adjusted earnings fell to 87 cents per share from 88 cents per share in the year prior.
- Revenue declined to $10.482 billion from $11.319 billion last year.
- On average, analysts expected to see adjusted EPS of 86 cents and $10.50 billion in revenue.
MRK paid its last 45 cent quarterly dividend on January 8. We expect the company to declare its next dividend in the coming weeks.
Shares of MRK were down $1.00, or 1.64%, during pre-market trading Wednesday. YTD, the stock is up 7.45%.
The Bottom Line
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