Merck Anticipates Higher Than Expected First-Quarter Results; Raises Full-Year 2007 Earnings Per Share Guidance |
WHITEHOUSE STATION, N.J., April 12, 2007 - Merck & Co., Inc. announced today that, subject to final review of its first-quarter results, it anticipates its first-quarter earnings per share (EPS) will be $0.84, excluding restructuring charges related to site closures and position eliminations, and its reported EPS will be $0.78. Merck attributed these anticipated results to strong revenue performance across the Company's range of products. The Company also raised its anticipated 2007 full-year EPS range to $2.75 to $2.85, excluding restructuring charges related to site closures and position eliminations, and its full-year 2007 reported EPS range to $2.60 to $2.75. This guidance does not reflect the establishment of any reserves for any potential liability relating to the VIOXX litigation. As previously announced, Merck will report its actual first-quarter earnings on Thursday, April 19. The company will hold its first-quarter 2007 sales and earnings conference call with institutional investors and analysts beginning at 9 a.m. ET that day. During the call, Richard T. Clark, chief executive officer and president, and Judy C. Lewent, executive vice president and chief financial officer, will provide an overview of Merck's financial performance for the quarter. The first-quarter sales and earnings press release and supplemental financial disclosures will be issued that day, prior to the start of the conference call. About Merck Forward-Looking Statement |
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