Merck Q4 Profit Beats Expectations, but Revenue Falls Short (MRK)

By
A A A
Share |

Drug maker Merck & Co., Inc. ( MRK ) Thursday said it swung to a fourth quarter profit, reversing a year-ago loss caused by massive one-time expenses.

The Whitehouse Station, NJ-based company reported fourth quarter net income of $1.51 billion, or 49 cents per share, compared with a net loss of $531 million, or -17 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 97 cents per shares.

Revenue rose 2% from last year to $12.29 billion.

On average, Wall Street analysts expected a smaller profit of 97 cents per share, albeit on higher revenue of $12.53 billion.

Merck shares rose 47 cents, or +1.2%, in premarket trading Thursday.

The Bottom Line
Shares of Merck ( MRK ) have a 4.35% dividend yield, based on last night's closing stock price of $38.63. The stock has technical support in the $35-$36 price area. If the shares can firm up, we see overhead resistance around the $40-$41 price levels.

Merck & Co., Inc. ( MRK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: MRK

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Investing In Commodities
Investing In Commodities            

Stocks

Referenced

82%

Most Active by Volume

74,282,785
  • $10.84 ▲ 11.64%
60,794,128
  • $17.12 ▲ 0.71%
55,628,662
  • $35.59 ▼ 1.00%
55,306,290
  • $116.47 ▲ 0.14%
55,118,241
  • $39.75 ▼ 0.43%
53,597,648
  • $9.41 ▲ 8.29%
41,889,990
  • $47.98 ▼ 1.48%
35,692,375
  • $97.34 ▼ 0.57%
As of 11/21/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com