Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
First publishedAug 4, 10:34 UTC
Last updatedAug 4, 11:42 UTC · 6m ago
1 outlets over time — hover a bar for its window & outletslast updated
Answer
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
Reported by 1 outlet — CNBC Top News. See all sources ↓
Read the full report at CNBC Top News ↗
Why it matters
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In brief
- What's the story?
- Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 6m ago.
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- Coverage card1 outlet1CoverageScouting report
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Sources1TypeCoverageCNBC Top News
Related in the knowledge graph
Sources (1)
Avg source rating 7.0/10Processing cluster
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