Merck posts global sales of B in third quarter

Merck posts global sales of B in third quarter
FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. reports earnings Thursday, Oct. 25. (AP Photo/Seth Wenig, File)

KENILWORTH, N.J. (AP) — Merck is reporting better-than-expected profits and global sales of nearly billion during the third quarter.

The the Kenilworth, New Jersey, drugmaker on Thursday reported net income of .95 billion, after reporting a loss in the same period a year earlier. Per-share profit was 73 cents, or .19 when adjusted for costs related to mergers and acquisitions. That’s 3 cents better than industry analysts were projecting.

Revenue was .79 billion.

Merck expects full-year earnings in the range of .30 to .36 per share, with revenue in the range of .1 billion to .7 billion.

Shares of Merck & Co. have risen 25 percent this year.

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