Bellwether stock #8: Merck (MRK) - Louis Navellier

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Bellwether stock #8: Merck (MRK)
Aug 02, 2009 04:00 PM UTC

Louis Navellier

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Symbol	Sentiment	Start	Return	Closed
MRK		08/02/09	+21.36%	--

Via BloggingStocks:

Filed under: Earnings reports, Merck and Co (MRK), Stocks to Buy

bellwether stocks merck Although earnings for Merck (NYSE: MRK) were down in the last quarter, the stock is gaining momentum.

The pharmaceutical giant reported a 3% decrease in sales to $5.9 billion from $6.05 billion in the year-earlier period. Earnings were $1.56 billion or 74 cents per share, compared with $1.77 billion or 82 cents per share in the same quarter a year ago.

A strong dollar and lower sales for cholesterol and vaccine drugs contributed to Merck's decline this quarter. But investors were cheered by the fact that Merck reaffirmed its annual earnings forecast of $2.84 to $3.09 per share.

Continue reading Bellwether stock #8: Merck (MRK)

Bellwether stock #8: Merck (MRK) originally appeared on BloggingStocks on Sun, 02 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

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