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7/29, 12:32 PM (Source: TeleTrader)
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Chart for: Merck & Co Inc

Merck's Q2 revenue tops estimates at $11.40 billion

Merck & Co. Inc. said on Thursday that its second-quarter revenue reached better-than-expected $11.40 billion by surging 22%, noting it sees full-year sales growth of between 12% and 14%. On the other hand, the company's net income plunged 48% to $1.21 billion, with earnings per share of $0.48.

"We are confident that we will deliver sustained long-term growth and value creation enabled by our strengthening discovery research engine and by working with increased speed, urgency and agility to accelerate the delivery of our innovations to the patients who depend on them," CEO Rob Davis noted.

Breaking the News / ND