Merck Reports Significant Profit Growth in Q1 2024 Earnings

Thursday, 25 April 2024, 13:25
Merck & Co. Inc. (NYSE: MRK) reported a significant surge in profits for the first quarter of 2024, driven by a 9% increase in revenues. The company's earnings per share also showed substantial growth compared to the previous year. Merck's strong performance in Q1 demonstrates its momentum and commitment to innovation in advancing its pipeline and commercial portfolio.
https://store.livarava.com/83c33025-0307-11ef-a6c0-63e1980711b2.jpg
Merck Reports Significant Profit Growth in Q1 2024 Earnings

Merck Q1 2024 Earnings Overview

Sales Growth and Profits

  • First-quarter global sales increased by 9% year-over-year to $15.8 billion.
  • Merck reported a net profit of $4.76 billion or $1.87 per share in Q1 2024.

Adjusted earnings rose to $2.07 per share from $1.40 per share in Q1 2023.

CEO Robert Davis highlighted the company's business momentum and focus on innovation for patient benefit.

Prior Performance

Merck's positive Q1 2024 results showcase a strong start to the year, driven by revenue growth and profitability.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe