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Merck Shares Rise After Second-Quarter Earnings Top Forecasts

Shares of Merck (MRK) were indicated 1.8% higher premarket trading on Friday after the pharma giant topped expectations for revenue and earnings per share in the second quarter.

Merck reported non-GAAP earnings of 93 cents a share, 2 cents above analysts' expectations and up 8% from last year's 86 cents a share.

Sales came in at just more than $9.8 billion, against expectations for sales of just under $9.8 billion, and represented an increase of 1% on last year's $9.7 billion.

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