- Merck & Co. Inc.
- 30 April 2026 16:22:07
Source: Sharecast
Group revenues rose 5% to $16.29bn, well ahead of the $15.85bn consensus forecast, with Keytruda sales rising 12% over last year to $8.0bn.
Results were also given a boost by sales of Merck's pulmonary arterial hypertension treatment Winrevair, which jumped 88% to $525m, and 13% sales growth from the animal health division.
The firm swung to a loss of $4.24bn, from a $5.08bn profit previously, due to a significant charge related to last year's Cidara Therapeutics acquisition. However, the adjusted loss of $1.28 a share came in above the $1.47 per-share loss expected by the market.
Looking ahead, Merck narrowed and slightly raised the midpoint of its sales guidance to $65.8bn-67.0bn, up from $65.5bn-67.0bn previously.
Despite the Q1 beat, shares were swinging between gains and losses in morning trade on Wall Street, and were down 0.4% at $110.52 by 1620 BST.