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.
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