UPDATE: Merck Posts Drop In Q2 Profit

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Merck & Co
MRK
reported a drop in its second-quarter profit. Merck's quarterly net profit declined to $906 million, or $0.30 per share, from $1.79 billion, or $0.58 per share, in the year-ago period. Its adjusted profit fell to $2.53 billion, or $0.84 per share, from $3.23 billion, or $1.05 per share. Its revenue dropped to $11.01 billion from $12.31 billion. However, analysts were projecting earnings of $0.82 per share on revenue of $11.24 billion. Merck shares closed at $48.34 yesterday.
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Posted In: EarningsNewsprofit
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