Merck 4Q Earnings Snapshot

KENILWORTH, N.J. (AP) _ Merck & Co. (MRK) on Friday reported fourth-quarter net income of $1.83 billion, after reporting a loss in the same period a year earlier.The Kenilworth, New Jersey-based company said it had profit of 69 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $1.04 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.The pharmaceutical company posted revenue of $11 billion in the period.Merck expects full-year earnings in the range of $4.57 to $4.72 per share, with revenue in the range of $43.2 billion to $44.7 billion.Merck shares have decreased roughly 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 8 per cent. The stock has increased 26 per cent in the last 12 months._____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/MRKThe Associated Press read more

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