Shares of Meta Platforms surge after fourth-quarter revenue at the Facebook parent tops analysts' expectations. Apple, Alphabet and Amazon.com are scheduled to report earnings after the closing bell Thursday. Read More...
TheStreet.com
Merck Stock Slumps As 2023 Profit Outlook Clouds Q4 Earnings Beat
Merck & Co. posted better-than-expected fourth quarter earnings Thursday, thanks in part to impressive sales of its blockbuster cancer treatment Keytruda, but forecast softer near-term profits, sending shares lower in pre-market trading. Merck said adjusted earnings for the three months ending in December came in at $1.62 per share, down 10% from the same period last year but firmly ahead of the Street consensus forecast of $1.54 per share. Group revenues, Merck said, rose 2% to $13.83 billion, against the $13.67 billion tally forecast by analysts that cover the pharma giant.
