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10/27/2022, 12:34 PM (Source: TeleTrader)
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Merck-0.51%

102.92
Chart for: Merck & Co Inc

Merck: Q3 sales increase 14% to $14.96B

Merck & Co. Inc. reported on Thursday that its sales for the third quarter of fiscal 2022 came in at $14.96 billion, rising 14% compared to the corresponding timeframe in 2021.

However, GAAP earnings per share from continuing operations dropped 29% year on year to $1.28, while GAAP net income fell to $3.2 billion after declining by 29% from the third trimester in 2021.

"Our third quarter results demonstrate exceptional revenue and underlying earnings growth and sustained performance across our key growth drivers. Inspired by our purpose of saving and improving lives around the world, I am confident we are well-positioned to continue to deliver strong operational performance," CEO and president Robert Davis wrote in the report.

Company shares were 0.35% up in premarket following the release of the quarterly results.

Baha Breaking News (BBN) / MS