Pharmaceutical firm Merck & Co. Inc. (NYSE: MRK) reported a pointy enhance in adjusted earnings for the fourth quarter of 2024, aided by a 7% enhance in gross sales.
Fourth-quarter worldwide gross sales elevated 7% year-over-year to $15.6 billion, with Pharmaceutical and Animal Well being revenues rising 7% and 9% respectively.
The corporate reported a internet revenue of $3.74 billion or $1.48 per share for the December quarter, in comparison with a lack of $1.23 billion or $0.48 per share within the prior-year interval. On an adjusted foundation, earnings climbed to $1.72 per share in This fall from $0.03 per share within the fourth quarter of 2023.
“Our business remains well-positioned thanks to the dedication of our talented global team, and I am more confident than ever in our long-term growth potential,” stated Merck’s CEO Robert Davis.