Merck & Co's quarterly results beat forecasts, helped by strong sales of its Januvia diabetes drug and Gardasil vaccine against cervical cancer, but the company issued a full-year 2013 profit view at the low end of Wall Street expectations
The No. 2 U.S. drugmaker on Friday said it earned $1.4 billion, or 46 cents per share, in the fourth quarter. That compared with $1.51 billion, or 49 cents per share, in the year-earlier period, when the company took charges for acquisition and restructuring expenses.
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Excluding special items, Merck earned 83 cents per share. Analysts, on average, had expected 81 cents per share, according to Thomson Reuters I/B/E/S.
Global company revenue of $11.74 billion topped Wall Street forecasts of $11.48 billion.
(Reporting by Ransdell Pierson; Editing by Lisa Von Ahn and Gerald E. McCormick)