Business

Merck Reports a 2% Dip in Q1 Sales to $15.5 Billion Amidst Strategic Growth Moves

Merck's Financial Performance Overview

Merck & Co., Inc. disclosed its first-quarter fiscal 2025 results, revealing a 2% decrease in sales year-on-year, totaling $15.5 billion. Despite this dip, the company showcased a robust 7% increase in net income, reaching $5.1 billion, and a similar rise in diluted earnings per share (EPS) to $2.01.

Leadership's Vision and Strategy

Robert M. Davis, Chairman and CEO, emphasized the company's strong start to the year, highlighting the growing impact of newer medicines and vaccines. "We are committed to unlocking the full potential of our current offerings and accelerating the development of innovative solutions to benefit patients and stakeholders alike," Davis stated.

Market Reaction

Following the announcement, Merck's stock experienced a 0.98% uplift in premarket trading, with shares priced at $79.51 each at 6:38 am ET.