Skip to main content
Tags: US | Earns | Merck

Merck's Sales Rise But Profit Falls on Charges

Tuesday, 04 May 2010 06:59 AM EDT

Drugmaker Merck & Co. says double-digit sales growth for a half-dozen of its top medicines fueled a 7 percent jump in first-quarter sales. But charges for its November deal to buy Schering-Plough Corp. pulled profit down sharply.

The maker of asthma and allergy pill Singulair and cholesterol drugs Vytorin and Zetia is reporting earnings of $298.8 million, or just 9 cents per share.

A year earlier, before Merck's megadeal to buy Schering-Plough for $41 billion, Merck earned 67 cents per share on revenue of $5.39 billion. The new Schering products helped boost sales to $11.42 billion.

Excluding 74 cents worth of charges, Merck would have earned 83 cents a share. Analysts surveyed by Thomson Reuters expected, on average, earnings per share of 75 cents and revenue of $11.18 billion.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.

Companies
Drugmaker Merck Co. says double-digit sales growth for a half-dozen of its top medicines fueled a 7 percent jump in first-quarter sales. But charges for its November deal to buy Schering-Plough Corp. pulled profit down sharply.The maker of asthma and allergy pill...
US,Earns,Merck
129
2010-59-04
Tuesday, 04 May 2010 06:59 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved