×

Merck Limits Guidance; Posts In-Line Results

Merck on Monday said it was not providing long-time financial

merck_earnings.jpg
Click for more earnings info

forecasts as it assesses the impact of another failed study result for its Vytorin cholesterol fighter, which it produces with Schering Plough.

Merck has previously targeted double-digit compound annual earnings-per-share growth from 2005 through 2010, excluding certain items.

For the second quarter, the drugmaker said it earned $1.77 billion, or 82 cents per share, compared with $1.68 billion, or 77 cents per share, a year earlier. Analysts were expecting results of about 83 cents a share.

Excluding special items, the company earned 86 cents per share.

Click Here for Schering-Plough Earnings