Merck: Q4 Earnings Snapshot
RAHWAY, N.J. (AP) — RAHWAY, N.J. (AP) — Merck & Co. (MRK) on Thursday reported a loss of $1.23 billion in its fourth quarter.
The Rahway, New Jersey-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The pharmaceutical company posted revenue of $14.63 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $14.7 billion.
Merck expects full-year earnings in the range of $8.44 to $8.59 per share, with revenue in the range of $62.7 billion to $64.2 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
