February 4, 2015 8:03 AM | 1 min read |
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.
(NYSE: MRK) reported better-than-expected earnings for the fourth quarter.For FY15, Merck projects earnings, including a $0.27 per share negative impact from foreign exchange, of $3.32 to $3.47 per share, and sales of $38.3 billion to $39.8 billion. Analysts expected earnings of $3.49 per share on sales of $40.5 billion.The Whitehouse Station, New Jersey-based company reported quarterly earnings of $7.32 billion, or $2.54 per share, compared to $781 million, or $0.26 per share, in the year-ago period. Excluding certain items, the company's earnings shrank to $0.87 per share from $0.88 per share.Its sales dropped 7.4% to $10.48 billion. However, analysts were expecting earnings of $0.85 per share on revenue of $10.5 billion.Merck's pharmaceutical sales fell 4% to $9.37 billion, while sales at the animal health segment gained 2% to $885 million.The gross margin widened to 64.2% from 59.3%."Our stronger focus has led to better, consistent execution, and our results in 2014 demonstrate the significant progress we've made in evolving the company to better serve health care markets around the world," said Kenneth C. Frazier, chairman and chief executive officer, Merck. "As we look forward to 2015 and beyond, we will continue to focus our resources on those internal and external opportunities that can generate the most value for patients, customers and shareholders."Merck shares fell 1.26% to $60.25 in pre-market trading.
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.
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