Reportedly, Merck & Co., Inc. (MRK) released fourth-quarter earnings recently. They confirmed that they expecting its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir. The drugmaker also informed that the sales of the COVID-19 drug were $952 million in the fourth quarter, and it expects another $5 to $6 billion of sales for the drug in 2022.
Merck posted fourth-quarter earnings of $4.58 billion, or $1.80 a share, up from last year of $2.49 billion, or 98 cents a share. Analysts were expecting earnings of $1.53 a share. Sales were $13.52 billion in the quarter beating estimates at $13.2 billion and up from $10.95 billion last year, boosted by the molnupiravir sales and growth from cancer drug Keytruda and human papillomavirus (HPV) vaccine Gardasil.
Merck expects 2022 earnings to be between $7.12 and $7.27 a share, below analyst forecasts of $7.29 a share. It is forecasting 2022 revenue to be between $56.1 billion and $57.6 billion, an increase from $48.7 billion last year. CFO Litchfield informed that the company plans to reinvest much of the cash from what could be a one-year windfall from molnupiravir back in its business, and also to support business development.
Merck & Co., Inc. (MRK) is a global healthcare solutions provider that has been working towards bringing forward medicine and vaccines for some of the world’s most challenging diseases for more than a century. They are committed to increasing health care access and continue to be at the leading edge of research. Merck has the industry’s largest immuno-oncology clinical research program. To learn more about Merck (MRK) and to track its ongoing progress please visit the Vista Partners Merck Coverage Page.
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