Merck on Thursday reported first-quarter revenue and adjusted earnings that topped Wall Street’s expectations.
Still, revenue fell 9% year over year due to a steep drop in sales of Covid antiviral treatment molnupiravir.In this articleMedicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021.on Thursday reported first-quarter revenue and adjusted earnings that topped Wall Street's expectations, despite a steep drop in sales of its Covid antiviral treatment molnupiravir.reported for the first quarter of 2022.
Merck's stock edged higher Thursday. The shares are up more than 2% for the year, putting the company's market value at nearly $288 billion.
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