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 a 2% year-on-year decline in its first-quarter sales for fiscal 2025, totaling $15.5 billion. Despite this, 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

Chairman and CEO Robert M. Davis highlighted the company's strong start to the year, emphasizing the growing contributions from newer medicines and vaccines. "We are focused on unlocking the full potential of our current portfolio while accelerating the development of innovative solutions to benefit patients and stakeholders alike," Davis stated.

Market Response

Following the announcement, Merck's stock experienced a 0.98% uptick in premarket trading, reaching $79.51 per share at 6:38 am ET.