ADVFN - Advanced Financial Network.
HOME» NYSE » M » MRK Stock Price » MRK Stock News

Merck Share News

 Merck & Co., Stock Price
MRK Stock Price
 Merck & Co., Stock Chart
MRK Stock Chart
 Merck & Co., Stock News
MRK Stock News
 Merck & Co., Company Information
MRK Company Information
 Merck & Co., Stock Trades
MRK Stock Trades

Merck 1Q Net Rises 67% On Lower Costs; Sales Growth Slows

DOW JONES NEWSWIRES Merck & Co.'s (MRK) first-quarter earnings rose 67% as the drug maker's cost controls helped offset slower-than-expected sales growth. Merck, like its rivals, has been cutting costs as part of an effort to soften the hit from increased generic competition. The company's top-selling allergy and asthma medication Singulair loses patent exclusivity in August and the ripple-effect from generic versions of rival Pfizer Inc.'s (PFE) cholesterol fighter Lipitor have contributed to a decline in sales of Merck's anticholesterol drug Vytorin. Merck has said it expects to seek regulatory approval for five new products this year and in 2013, including potential treatments for osteoporosis, insomnia and a next-generation vaccine against a cancer-causing virus. The drug maker also has been focusing on areas such as hepatitis C and diabetes. Merck reported a profit of $1.74 billion, or 56 cents a share, up from $1.04 billion, or 34 cents, a year earlier. Excluding items such as acquisition-related and restructuring costs, earnings rose to 99 cents from 92 cents. Its March projection was earnings of 95 cents to 98 cents a share, below analysts' expectations at the time. Sales rose 1.3% to $11.73 billion, missing the $11.82 billion forecast from analysts polled by Thomson Reuters. Operating margin rose to 21.4% from 14.9%, reflecting a 14% drop in research and development costs. Pharmaceutical sales grew 2.7% to $10.08 billion. Singulair sales edged up 0.9%, while sales of Vytorin declined 8%. The animal-health business, which includes products for farm animals and pets, posted a 8.3% revenue increase. Sales in the consumer division--which includes over-the-counter allergy medicine Claritin and Coppertone skin-care products--rose 7.2%. Shares closed Thursday at $38.47 and were inactive premarket. The stock is up 2% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Merck (MRK)
DateTimeHeadline
07/29/201614:21:00La Commission européenne délivre une autorisation de mise sur l...
07/29/201613:47:00Merck Revenue Rises on Cancer, Hepatitis Treatments -- Update
07/29/201610:59:00La Commissione europea concede l'autorizzazione all'immissione...
07/29/201608:40:00Merck Revenue Rises on Cancer, Hepatitis Treatments
07/29/201608:24:00Merck Revenue Rises on Cancer, Hepatitis Treatments
07/29/201607:00:00European Commission Grants Marketing Authorisation for MSD’s Z...
07/29/201607:00:00Europäische Kommission erteilt MSD Marktzulassung für ZEPATIER™ (El...
07/29/201606:59:22Current Report Filing (8-k)
07/29/201606:45:00Merck Announces Second-Quarter 2016 Financial Results
07/28/201602:46:00Merck and AmoyDx Collaborate to Bring Liquid Biopsy RAS Biomarker...
07/26/201613:04:00From Farm to Pharma, Former CEO Recalls First Job as Laborer
07/26/201612:50:00Merck Announces Fourth-Quarter 2016 Dividend
07/25/201617:20:00Gilead Sales of Hepatitis C Drugs Fall 19%
07/25/201608:05:00NewLink Genetics Announces Merck Receives Breakthrough Therapy...
07/25/201608:00:00Merck Receives Breakthrough Therapy Designation from FDA & PRIME...
07/22/201607:00:00Data for Merck's Investigational Once-Daily Formulation of ISENTRESS®...
07/21/201617:00:00Merck Animal Health Receives FDA Approval of BRAVECTO® (fluralaner...
07/21/201616:30:00Merck Provides Regulatory Update on Biologics Licensing Application...
07/18/201612:08:00MARKET SNAPSHOT: Dow On Track For Record Closing High As Tech...
07/18/201602:10:00China's Food and Drug Administration Approves GlaxoSmithKline's...

Merck and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad