Merck adj Q1 EPS 0.84 usd vs 0.78, worldwide sales and net income rise |
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Published
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Thu, 19 Apr 2007 13:05
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LONDON (Thomson Financial) - Merck and Co reported adjusted first-quarter earnings per share of 0.84 usd compared with 0.78 usd in the first quarter of 2006.The company also reported EPS before adjustments of 0.78 usd for the first quarter of 2007, up from 0.69 usd a year ago.Analysts surveyed by Thomson Financial estimated EPS of 0.72 usd.In January, it had forecast first-quarter EPS of 0.58-0.64 usd and EPS excluding restructuring charges related to site closures and position eliminations of 0.63-0.67 usd.Merck forecast adjusted second-quarter EPS in a range of 0.62-0.68 usd and reaffirmed earlier guidance of full-year 2007 EPS of 2.75-2.85 usd.The company said global sales rose 7 pct to 5.8 bln usd in the first quarter of the year from the first quarter of 2006.It added first-quarter net income rose to 1.704 bln usd from 1.52 bln.tf.TFN-Europe_newsdesk@thomson.comms1COPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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