Merck KGaA Posts Rise In Q2 Core Earnings

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

German company Merck KGaA (OTC: MKGAY) reported a rise in its core earnings for its second quarter.The company's quarterly net income dropped 4% to 303.3 million euros (around $405.39 million), versus 316 million euros, in the year-ago quarter. Its earnings per share slipped to 0.70 euros, from 0.73 euros. Excluding one-time items, its earnings per share rose to 1.16 euros, from 1.13 euros.Merck's adjusted EBITDA climbed 2.3% to 846 million euros, while EBITDA margin widened to 30.3% from 30.1%.The company's total revenue rose 0.8% to 2.86 billion euros versus 2.84 billion euros. Its sales gained 1.9% to 2.80 billion euros, while organic sales grew 3.4%.Royalty, license and commission income tumbled 30.4%. Sales in emerging markets jumped 11.1%.For the full year, Merck confirmed its outlook.Merck shares fell 1.56% to close at $27.77 yesterday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!