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RAHWAY, N.J. (AP) — RAHWAY, N.J. (AP) — Merck & Co. (MRK) on Thursday reported first-quarter earnings of $5.08 billion.
On a per-share basis, the Rahway, New Jersey-based company said it had profit of $2.01. Earnings, adjusted for one-time gains and costs, came to $2.22 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The pharmaceutical company posted revenue of $15.53 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $15.39 billion.
Merck expects full-year earnings in the range of $8.82 to $8.97 per share, with revenue in the range of $64.1 billion to $65.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRK at https://www.zacks.com/ap/MRK