Company Of The Day: Merck

October 29th, 2021 by Trefis Team
+5.33%
Upside
93.99
Market
99.00
Trefis
MRK: Merck logo
MRK
Merck

What?

Merck (NYSE:MRK) posted a stronger than expected set of Q3 2021 results, with revenue rising by about 20% year-over-year to $13.15 billion and adjusted EPS rising 28% to $1.75. The company also raised its full-year revenue guidance to between $47.4 billion and $47.9 billion.

Why?

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Growth was driven by strong demand for drugs including Keytruda, Gardasil, and animal health products.

So What?

Merck stock gained almost 6% in Thursday’s trading.

See Our Complete Analysis For Merck

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