Merck's quarterly profit declined to $1.12 billion, or $0.38 per share, down from $1.73 billion, or $0.56 per share, in the year-earlier quarter. Its adjusted earnings fell to $0.92 per share from $0.95 per share.
Its sales dropped to $11.03 billion from $11.49 billion. However, analysts were estimating earnings of $0.87 per share on revenue of $11.1 billion. Merck now expects 2013 adjusted earnings of $3.48 to $3.52 per share, versus its earlier forecast of $3.45 to $3.55 per share.
Equities Trading UPShares of Burger King Worldwide BKW got a boost, shooting up 5.67 percent to $20.88 after the company reported a rise in its third-quarter profit.
J.C. Penney JCP was also up, gaining 8.23 percent to $7.34 after a Reuters report stated that JCPenney maintains its trends are improving and that the company still expects same store sales growth this quarter.
Equities Trading DOWNChangyou.com CYOU shares tumbled 18.76 percent to $29.01 after the company reported Q3 unaudited financial results.
Commodities
In commodity news, oil traded up 0.69 percent to $98.53, while gold traded up 0.16 percent to $1,354.40.
Silver traded down 0.06 percent Monday to $22.53, while copper fell 0.06 percent to $3.27.
The pending home sales index declined 5.60 percent in September.
The Dallas Fed general business activity index declined to 3.60 in October, versus a prior reading of 12.80. However, economists were expecting a reading of 10.00. The Treasury is set to auction 2-year notes.
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