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Actionable news in MRK: MERCK & CO. Inc,

UPDATE 1-Merck profit tops Street on strong diabetes, cancer drug sales

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Oct 27 (Reuters) - Merck & Co Inc on Tuesday reported a better-than-expected quarterly profit and raised its full-year earnings forecast as demand for its diabetes and cancer drugs increased.

The U.S. drugmaker's net income doubled to $1.83 billion, or 64 cents per share, in the third quarter ended Sept. 30 from $895 million, or 31 cents per share, a year earlier.

Excluding items, the...