RAHWAY, N.J. (AP) — RAHWAY, N.J. (AP) — Merck & Co. (MRK) on Tuesday reported second-quarter profit of $4.43 billion.
On a per-share basis, the Rahway, New Jersey-based company said it had profit of $1.76. Earnings, adjusted for one-time gains and costs, were $2.13 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The pharmaceutical company posted revenue of $15.81 billion in the period, which matched Street forecasts.
Merck expects full-year earnings in the range of $8.87 to $8.97 per share, with revenue in the range of $64.3 billion to $65.3 billion.
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