TELETRADER News
10/26/2023, 12:30 PM (Source: TeleTrader)
more TeleTrader news

Merck-1.73%

156.25
Chart for: MERCK KGAA O.N.

Merck-0.45%

128.84
Chart for: Merck & Co Inc

Merck's Q3 sales up 7% to $16B

Merck & Co. Inc. announced on Thursday that its sales in the third quarter of its fiscal 2023 amounted to $16 billion, rising 7% year over year.

The company posted a net income of $4.7 billion, compared to an income of $3.2 billion in Q2 2022, with earnings per share of $1.86. According to Merck's full-year 2023 guidance, the company is expecting its sales to reach between $59.7 billion and $60.2 billion.

"Our strong results this quarter reflect our talented team's commitment to bringing forward important innovation and pursuing breakthroughs for all those who count on us," CEO Robert Davis said. "We continue to push the boundaries of science, making disciplined investments to augment our diverse pipeline and applying our expertise to accelerate potentially transformative treatments to address patient needs."

Merck's shares gained 1.37% in premarket trade after the results were released.

Baha Breaking News (BBN) / DD