FORECASTS: Merck's revenue expected to grow in Q2, but a deal will weigh
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((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) August 3 - ** Shares of pharmaceutical company Merck & Co MRK.N fell 1.9% in the last session, ahead of its quarterly results scheduled for release on Tuesday before market open ** Wall Street expects MRK, provider of the successful immunotherapy cancer treatment Keytruda, to report an adjusted loss per share of $0.27 in the second quarter, compared to earnings per share of $2.19 in the same quarter last year, on revenue of $16.36 billion, up approximately 3.5% from $15.81 billion recorded a year ago – LSEG data ** The results are expected to include a charge of approximately $2.35 per share related to MRK's completion of the acquisition of biotechnology company Terns Pharma, announced in March for $6.7 billion, as the company seeks to strengthen its oncology product portfolio ahead of Keytruda's patent expiration later in the decade. ** Over the past eight quarters, MRK's revenue has exceeded analysts' forecasts seven times, while EPS has beaten forecasts every time ** The stock last traded at $127.76 against a median price target of $137, according to data compiled by LSEG, which lists 32 analyst recommendations: eight "strong buy", 14 "buy" and 10 "hold" ** Year-to-date, the stock has gained approximately 21%, compared to a rise...
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