Merck & Co 3rd-qtr 2010 profit beats forecasts, but legal provisions decimate earnings

1 November 2010

US drug giant Merck & Co (NYSE: MRK) reported financial results for the third quarter of 2010 showing that worldwide sales were $11.1 billion, a year-on-year leap of 84% due to the inclusion of Schering-Plough, which Merck acquired in a $49.6 billion deal last year, but slightly short of the average Wall Street forecast of $11.24 billion.

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