Dow component Merck (MRK) is among the companies reporting earnings this morning. The drugmaker beat on the bottom line, reporting adjusted earnings of 92-cents a share when estimates were for 88-cents. Sales however were a small miss at $11.03-billion versus $11.124-billion, and profits were actually down 35% on competition from generic drugs.
Biotech Biogen Idec (BIIB) also reported. It missed estimates on earnings, by a nickel a share at $2.05. Revenues were higher than expected at $1.8-billion compared to estimates of $1.78-billion.
Burger King (BKW) also missed on the bottom line by 2-cents with earnings of 19-cents. Revenues however were higher than the consensus at $275.1-million versus $266.59-million. The chain credits climbing same-store sales overseas.
Apple (AAPL) reports after the closing bell. The stock is up about 9% in the last month. Will it jump on earnings, same as other tech companies like Google (GOOG) and Amazon (AMZN) recently did? Yahoo Finance Senior Columnist Mike Santoli has more on Apple in the video above.
- Health Care Industry
- Biogen Idec