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Merck Tops Quarterly Profit Estimates but Sees Weaker 2023 Revenue on Lagevrio Sales Drop

Por: MarketWatch Business February 02, 2023

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The company is expecting revenue to drop in 2023 amid a decline in sales of Lagevrio, its Covid-19 antiviral, and on Thursday set earnings guidance that was well below Wall Street expectations. Still, Merck Chief Financial Officer Caroline Litchfield said that the company’s core business, excluding Lagevrio, was strong and growing. “We have put out guidance for 2023 that continues the strong underlying growth of our business,” Litchfield... + full article



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