US pharma giant Merck & Co (NYSE: MRK) was trading nearly 1% lower during Thursday morning’s New York trading, after announcing its first-quarter financial results.
The company exceeded Wall Street estimates with both its sales and earnings figures for the quarter, but downgraded its profit guidance for the full year, potentially putting off investors in what is an uncertain economic climate for firms in the USA and globally.
Adjusted earnings per share (EPS) for the quarter came in at $2.22, versus the forecast $2.14 and 7% up on the same period of 2024.
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