5 Stocks Making Headlines After Earnings Reports

In this article, we discuss the 5 stocks making headlines after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Headlines After Earnings Reports.

5. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 79

Shares of Merck & Co., Inc. (NYSE:MRK) jumped more than six percent, hitting a nearly two-year high, after crushing expectations for the third quarter. The pharmaceutical giant reported adjusted earnings of $1.75 per share, up from $1.37 per share in the same period last year.

Revenue came in at $13.15 billion, translating to a surge of 20.4 percent on a year-over-year basis. Analysts were expecting Merck & Co., Inc. (NYSE:MRK) to earn $1.55 per share on revenue of $12.32 billion.

The company also updated its financial outlook for 2021. Merck & Co., Inc. (NYSE:MRK) now expects adjusted earnings in the range of $5.65 – $5.70 per share and revenue between $47.4 – $47.9 billion for the full year. The revised outlook compares to the consensus forecast of $5.63 per share for earnings and $47.60 billion for revenue.

Speaking on the results, CEO Robert Davis said:

“Merck delivered another strong quarter with positive momentum across our business and meaningful progress across our pipeline. Our teams continued to excel as we focus on evolving our operations, while driving innovations in our labs that exemplify the best of Merck science.”