Merck’s Profit Beats, but Revenue Misses (MRK)

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Pharmaceuticals giant Merck & Co., Inc. ( MRK ) on Friday posted first quarter adjusted profits that exceeded expectations, although its revenue total lagged Wall Street's view.

The Whitehouse Station, NJ-based company reported first quarter net income of $1.74 billion, or 56 cents per share, compared with $1.04 billion, or 34 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 99 cents per share.

Revenue rose 1% from last year to $11.73 billion.

On average, Wall Street analysts expected a slightly smaller profit of 98 cents per share, albeit on higher revenue of $11.82 billion.

Merck shares posted modest gains in premarket trading Friday.

The Bottom Line
Shares of Merck ( MRK ) have a 4.37% dividend yield, based on last night's closing stock price of $38.47. The stock has technical support in the $36 price area. If the shares can firm up, we see overhead resistance around the $40-$42 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.

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