Merck & Co posted higher-than-expected second-quarter results on Tuesday on strong growth of its blockbuster cancer immunotherapy Keytruda, the world's best-...
- Merck & Co posted higher-than-expected second-quarter results on Tuesday on strong growth of its blockbuster cancer immunotherapy Keytruda , the world's best-selling prescription medicine. New Jersey-based Merck slightly raised its full-year sales projections , following other big pharmaceutical companies like Roche, Johnson & Johnson and Bristol Myers Squibb , which lifted their forecasts when they reported earnings earlier this month.
Merck posted a profit of $5.5 billion, or $2.14 per share, for the quarter, compared with a loss of $6 billion, or $2.35 a share, a year earlier, when it took a large acquisition-related charge.Excluding one-time items, Merck said it earned $2.28 per share. Analysts, on average, expected $2.15 a share, according to LSEG data. Sales in the quarter were $16.1 billion, up 7% from last year and above analysts' expectations of $15.8 billion. Keytruda has been Merck's most important revenue driver for years with annual sales expected to rise well above $30 billion before the drug loses patent protection toward the end of the decade. Sales of Keytruda, which is approved to treat many types of cancer, hit $7.3 billion for the quarter, up 16% from a year ago. Analysts had expected sales of around $7.1 billion. Merck said it now expects full-year sales of $63.4 to $64.4 billion, up from its prior view of $63.1 to $64.3 billion. Analysts have forecast 2024 sales of $64.3 billion. But the company cut its full-year earnings forecast mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio. Merck now expects 2024 earnings of $7.94 to $8.04 per share, down from its earlier forecast of $8.53 to $8.65. Analysts had previously been looking for 2024 earnings of $8.15 a share.Paris Olympics set record for number of openly LGBTQ+ athletes, but some say progress isn't finished PARIS — When Charline Van Snick flirted with another female athlete after winning the bronze medal in Judo in the 2012 London Olympic Games, she said her coach told her she needed to stay in the closet for the future of her career.A group of Swift fans have raised more than £37,000 to help the families affected by the attack at a dance class themed on the pop star.Ryan Reynolds Shoots for Indian Celebrity Photographer Rohan Shrestha: ‘He Made Everybody on the Crew Laugh’ Rohan Shrestha, the Indian celebrity photographer making strides in the global arena, has added a Hollywood A-lister to his portfolio. Following his work with Lionel Messi, Kevin Hart and Oprah Winfrey, Shrestha recently completed an exclusive photoshoot with “Deadpool” star Ryan Reynolds. The timing of the shoot coincides with the release of “Deadpool vs. Wolverine,” …Contactless Connectors Market Size, Industry Dynamics, Opportunity Analysis and Forecast 2024-2032 - STMicroelectronics and TE Connectivity Dominate the Competitive Landscape Dublin, July 30, 2024 -- The "Contactless Connectors Market by Type, Mode of Operation, Technology, Data Range, Application, Industry, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.The Global Contactless Connectors Market is experiencing robust expansion, valued at US$ 0.24 billion in 2023 and projected to grow at a CAGR of 17.45% from 2023 to 2032. In 2023, North America leads the global contactless connectors market with a 36.31% share, owingOlympics 2024 LIVE: Men’s triathlon postponed due to pollution before Simone Biles in gymnastics final The men’s triathlon was postponed due to water quality levels in a blow to Olympics organisers, before Andy Murray returns and big showdowns in gymastics and swimming are heldEight years after making history by wearing a hijab at the Olympics, Doaa Elghobashy wants to inspire more players at Paris 2024.The warning advises of the chances of ‘isolated flooding and disruption’ for the South East between 12pm and 11.59pm on Wednesday.Lakes are dry and fields are scorched by heat in Sicily, but water is still gushing copiously for tourists. After an almost totally rain-free year on the Italian island, fountains inside Agrigento's famous archaeological park are still flowing, and pools in rows of hotels are full. Like many Mediterranean islands, people in Sicily are used to long spells without rain, but human-caused climate change has made weather more erratic, and droughts can be longer and more frequent. The Kremlin on Tuesday dismissed as absurd U.S. intelligence assertions that Russia is seeking to meddle in the presidential election and said that U.S. spies were intent on casting Russia as an enemy. U.S. intelligence officials have said that Russia is seeking to influence the November election, and that Moscow has used Russia-based influence-for-hire companies to shape U.S. public opinion.Southport stabbing latest: Taylor Swift ‘in shock’ over fatal knife attack on children as heroic teacher namedSadiq Khan, the Mayor of London, sees double as he poses for a photograph with a waxwork doppelganger on the London Eye.‘Harry Potter and the Cursed Child’ Marks 8 Years in London’s West End – Global Bulletin POTTER PLAY PERSISTS “Harry Potter and the Cursed Child” celebrates its eighth anniversary at London’s Palace Theatre on July 30. The production, currently booking until Apr. 6, 2025, has drawn over 1.7 million viewers in the West End and 11 million worldwide. The story follows Harry Potter’s son Albus as he struggles with his family’s …The stylish Spanish royal hosted a dinner with King Felipe VI in Mallorca and her affordable kaftan-style dress looks seriously high-end Jon Stewart offers Republicans complaining about Harris replacing Biden some advice: ‘You can replace your old guy too’ ‘I’m a fair person – you can replace your old guy, too,’ Jon Stewart told Republicans on The Daily ShowBaker Hughes Company's investors are due to receive a payment of $0.21 per share on 16th of August...
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