BREAKING NEWS

BREAKING NEWS

Merck posts quarterly loss versus year-ago profit

Now Reading:

Merck posts quarterly loss versus year-ago profit

Text size Aa Aa

(Reuters) – Merck & Co <MRK.N> reported a quarterly loss compared with a year-ago profit on Friday, hurt by a charge related to the formation of a collaboration with AstraZeneca Plc <AZN.L>. Net loss attributable to Merck was $56 million(£42.75 million), or 2 cents per share, for the third quarter, compared with a year-ago profit of $2.18 billion, or 78 cents per share. Sales fell to $10.33 billion from $10.54 billion.

(Reporting by Manas Mishra in Bengaluru; Editing by Martina D’Couto)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.