Merck KGaA shares slip on cautious outlook

14 November 2024

Germany’s Merck KGaA (MRK: DE) was trading 5% lower as Thursday’s activity neared its end, after the company announced its third-quarter 2024 financial results and outlook for the rest of the year.

Net sales rose by 1.8% to 5.27 billion euros ($5.57) compared to the same period in 2023, while earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted for special items, were 1.62 billion euros, a jump of 11.8% and ahead of an average analyst estimate of 1.55 billion euros in a consensus posted on the company’s website.

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