Merck & Co. Reports Strong Q4 Earnings, Surpassing Analyst Expectations
RAHWAY, N.J., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Merck & Co., Inc. (MRK) today announced net income of $3.74 billion for the fourth quarter of 2022, a significant increase compared to the previous year. On a per-share basis, the company reported earnings of $1.48, while adjusted earnings, excluding one-time items, reached $1.72 per share.
These financial results exceeded Wall Street expectations. Seven analysts surveyed by Zacks Investment Research had estimated earnings of $1.69 per share. Merck's revenue also surpassed analyst forecasts, reaching $15.62 billion for the quarter. Six analysts had projected revenue of $15.55 billion, according to Zacks.
Based on its strong performance in the fourth quarter, Merck anticipates full-year earnings in the range of $8.88 to $9.03 per share for 2023. The company also forecasts revenue between $64.1 billion and $65.6 billion for the year.