Merck Issues Q1 Profit Forecast

Merck & Co

issued adjusted first-quarter profit forecast. Merck projects adjusted Q1 profit forecast of $0.95 to $0.98 per share, versus analysts' estimates of $1.01 per share. It continues to project full-year adjusted profit of $3.75 to $3.85 per share. Merck shares dropped 1.40% to $37.91 in pre-market trading.