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Merck Lifts Full-Year Guidance After Quarterly Forecast Beat

Pharmaceuticals company Merck (MRK) on Tuesday nudged its full-year earnings and revenue forecasts higher as it posted third-quarter results that beat expectations.

The Kenilworth, N.J. company posted a 5% increase in quarterly sales to $10.5 billion, compared with the $10.17 consensus expectation, as compiled by FactSet. Adjusted earnings per share at $1.07 came in above predictions for EPS of 99 cents and above the 96 cents Merck...


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