Categories AlphaGraphs, Earnings, Health Care

Merck (MRK) Q1 Earnings: Key quarterly numbers that you need to note down

Lowers 2020 full-year revenue & EPS guidance

Merck (NYSE: MRK) today reported first quarter financial results for the period ended March 31, 2020.

On GAAP basis, first quarter EPS was $1.26 vs. $1.12 in the first quarter of 2019. Non-GAAP EPS was $1.50, compared to $1.22 in the first quarter of 2019.

Total sales increased 11% to $12.05 billion.

Shares down nearly 2% during the pre-market hours following the earnings announcement.

Merck & Co. announces financial results for first quarter 2020

In this challenging and unprecedented time, the quality of our first-quarter performance reflects strong demand for our portfolio of innovative products, continued commercial and clinical execution and the dedication and resilience of our employees around the world. The fundamentals of our business remain strong.

Kenneth C. Frazier, Chairman and CEO

You may also like:

Also Read:  Comcast (CMCSA) stock gains as Q2 earnings top expectations

COVID-19 puts insurers in tricky situation; risks range from litigation to insolvency

Ravaging almost every part of the world and crippling economic activity, the coronavirus pandemic has not spared any business. When it comes to the insurance industry, the nature of impact is complex and there is no doubt the companies will struggle with their underwriting decisions once the damage is fully assessed.

Check out our analysis 

Most Popular

Infographic: Ferrari (RACE) earnings and shipments in Q2

Ferrari NV (NYSE: RACE) reported second-quarter financial results before the regular trading hours on Monday. RACE shares fell 2.3% immediately following the announcement. The stock has increased by 8% since

Tyson Foods Q3 earnings drop on lower sales, but beat estimates

Tyson Foods, Inc. (NYSE: TSN) reported better-than-expected earnings for the third quarter. Meanwhile, revenues missed the Street view. The packaged food company posted adjusted earnings of $1.40 per share for the

After blockbuster Q2, Amazon (AMZN) is headed for a busy second half

As the business world limps back to normalcy from the crisis set off by coronavirus, most e-commerce companies are going through a period of hectic activity, thanks to the spurt

Top